Presidents Donald Trump and Xi Jinping have agreed to meet at the Group of 20 summit in Japan next week, raising hopes for a truce in an increasingly damaging trade war between the world's top two economies.
"Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan," Trump said on Twitter. "Our respective teams will begin talks prior to our meeting."
According to state broadcaster CCTV, Xi too was relatively upbeat, telling Trump "In recent times, China-US relations have encountered some difficulties, which is not in the interest of either side. China and the US will both gain by cooperating, and lose by fighting."
The comments set a more upbeat tone for the talks after worsening tensions created fears over whether the two countries would be able to resolve their differences after exchanging tariffs on hundreds of billions of dollars worth in exports.
An agreement had appeared close last month until talks collapsed when Trump accused Beijing on reneging on its commitments. He struck out by increasing existing punitive tariffs and cracking down further on Chinese telecoms giant Huawei. (AFP)