At sideline of G20 today, in Japan, Chinese President Xi Jinping said in a BRICS meeting that protectionist measures taken by some developed countries are “destroying global trade order”. He added “this also impacts common interests of our countries, overshadows the peace and stability world-wide.” Xi called for BRICS to This also impacts common interests of our countries, overshadows the peace and stability world-wide,”
Trump met Japan Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi. Trump said he expects to announce “very big” trade deals with both Japan and India. Modi noted that four issues were discussed including Iran, 5G communications networks, bilateral relations and defense relations.
At a news conference, European Commission President Jean-Claude Juncker warned the “difficult” US-China trade relations are “contributing to the slowdown of the global economy”. He’d draw both US and Chinese attention to the “harmful impact this controversial matter is creating.”
Trump and Xi are scheduled to meet at 0230 GMT on Saturday. For now, it’s believed that some form of agreement is already in place to halt recent escalation in US-China trade war. But nothing is done until it’s done. A Trump-Kim style negotiation breakdown cannot be totally ruled out or now.