Donald Trump holds the cards firmly to his chest in the run-up to his meeting with Chinese President Xi. The American leader says he has “never promised” not to introduce any new import duties on Chinese products.
Xi and Trump meet at the G20 summit in Osaka, Japan, to be held today and tomorrow.
“We will see what happens during that meeting,” says Trump. According to him, there is “a very high chance of doing something,” and “it will ultimately benefit both countries.”
Bloomberg news agency has calculated that $ 1200 billion is at stake during the Xi-Trump conversation. If import duties are introduced or increased reciprocally, and the global economy slows down as a result, that is the amount that will be missed in the coming years.