Trump campaigned in last year’s presidential election on cracking down on China for its trade practices, but he softened his rhetoric after taking office, saying he wanted to work with China on the nuclear issue.
When the two leaders first met in April at Trump’s Florida resort, they appeared to hit it off. Trump called Xi a “good man” as he urged him to use Beijing’s economic clout to force North Korea to curb its nuclear weapons program.
Lately, Trump has expressed some impatience on China’s role in North Korea - particularly after Pyongyang launched an intercontinental ballistic missile that some experts believe could have the range to reach Alaska, and parts of the US West Coast. His administration made new arms sales to Taiwan, imposed sanctions on two Chinese citizens and a shipping company and put China on a global human trafficking list. It also accused a Chinese bank of laundering money for Pyongyang.
The White House is also debating trade actions against Beijing, including tariffs on its steel exports and a few days before the G20 talks, Trump complained that trade between China and North Korea had grown. But he showed none of that impatience on Saturday, when the leaders met at the invitation of Xi at the tail end of the G20 in Germany. “It’s an honor to have you as a friend,” Trump told Xi, telling him he appreciated actions he had already taken on North Korea.
“As far as North Korea is concerned, we will have, eventually, success. It may take longer than I’d like. It may take longer than you’d like. But there will be success in the end one way or the other,” Trump said.
Speaking to reporters later on Air Force One, US Treasury Secretary Steven Mnuchin said the Trump-Xi meeting lasted over an hour-and-a-half, and they had “substantive discussions” about how to deal with North Korea together. “In regards to China, we had very direct discussions about North Korea. We had very direct discussions about military and security cooperation,” Mnuchin said.
“I think that President Trump made very clear to President Xi that he is focused on this issue, and wants to move forward and make progress. And I think President Xi gave a very interesting perspective from their standpoint,” he added.
Remove barriers, reduce subsidies to open up trade: Lagarde
Warning against complacency in the current phase of global economic recovery, IMF chief Christine Lagarde has asked the members of G20 group, which includes India, to step up reforms by reducing trade barriers and subsi-dies to promote a level playing field.
Complementing the G20 leaders for adopting an action plan to strengthen the global financial safety net during the two-day Summit that ended on Saturday night, Lagarde said the world needs to continue to collaborate to address risks and ensure strong, sustained, balanced and inclusive growth.
“An essen-tial part of this effort must be to reduce trade barriers, subsidies and other measures that distort trade. “We can strengthen global trading system by reaffirming our commitment to well-enforced rules that promote competition while creating a level playing field,” she said.