Trump-Xi Jinping, Summit planned for early May… U.S.-China trade negotiations gain momentum

Trump and Xi Jinping who stopped the tariff chicken game (Source: Vox)

Donald Trump, President of the United States, and Xi Jinping, President of China, are scheduled to hold a summit meeting in early May, Reuters reported. This meeting is expected to be a key high-level diplomatic event aimed at easing the recently heightened US-China trade tensions and seeking resolution of the tariff issues between the two countries.

Previously, President Trump had expressed his willingness to negotiate by mentioning talks with China regarding the tariff increase policy several times. In this meeting, not only the existing mutual tariff adjustments but also issues such as advanced technology, semiconductors, and energy imports are expected to be major agendas.

The market is paying attention to whether this meeting can ease global trade uncertainty and have a positive impact on risk assets.