Trump, Xi eye G-20 talks after 'very good' phone call

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Chinese President Xi Jinping had an "extremely positive" phone conversation with U.S. President Donald Trump about trade and other issues, the foreign ministry said Friday.

"We talked about many subjects, with a heavy emphasis on Trade", Trump wrote on Twitter Thursday.

In a phone call with U.S. President Donald Trump, Xi also said China would continue to play a constructive role in the process.

Jacob Parker, vice president of China operations at the US-China Business Council in Beijing, said there were plenty of challenges that would require significant negotiations in advance of a meeting between Trump and Xi to ensure success.

Though final decisions have not been made, US officials are preparing for such a scenario in case a planned Trump-Xi meeting yields no progress on the sidelines of a Group of 20 summit in Buenos Aires in November, according to the report.

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Xi was quoted by CCTV as saying after the call with Trump that the two leaders had hoped to expand trade cooperation.

The US levied tariffs of 10 percent on $200 billion of Chinese products in September, with the rate set to increase to 25 percent by the end of the year.

China and the United States are locked in an increasingly bitter trade war, with both countries have already placed tariffs on some of each others imports.

'We're going way up, and China has been hurt over the last number of months.

China's Premier Li Keqiang, right, speaks next to Tennessee Senator Lamar Alexander during a meeting with a group of U.S. Republican senators and Congress members at Zhongnanhai leadership compound in Beijing, Thursday, Nov. 1, 2018.

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China and the United States can overcome their differences and get relations back on track if they work together in a spirit of mutual respect, Chinese Premier Li Keqiang told a group of visiting USA politicians on Thursday.

The moves also follow media reports that pointed to progress on the US-China trade dispute.

Alexander said he would be discussing trade with Li, though neither of them mentioned the ongoing tariff war in remarks in front of reporters.

Trump said the two countries have a chance to make a fair deal.

The United States has already imposed tariffs on $250 billion worth of Chinese goods, with duties on $200 billion of the total set to increase to 25 percent from 10 percent on January 1, 2019.

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One person said a sticking point in any potential deal is intellectual property theft, where the Trump administration has sought to take a hard line. I think we have a long way to go.

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