President Donald Trump plans to meet his Chinese counterpart Xi Jinping at next month’s G-20 summit, an encounter that could prove pivotal in a deepening divide over trade that is sending stocks tumbling and clouding the outlook for the global economy.
Trump said the U.S. was expecting China to retaliate against American tariffs, but argued that Beijing still wants to make a deal. But he warned Xi’s government not to go too far in responding to U.S. trade actions.
“There can be some retaliation but it can’t be very substantial,” Trump told reporters Monday at the White House during a meeting with Hungarian Prime Minister Viktor Orban.
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