High stakes Trump-Xi meeting set to loom over G-20 summit

President Donald Trump has long been convinced that the United States is locked in an unfair trading relationship with China. The U.S. has “lost $500 billion a year, for many years,” he has said several times, in a possible reference to the balance of trade that showed the nation bought $420 billion more goods from China in 2018 than it sold. Trump has long touted China’s huge exports to the U.S. as a sign that Beijing has been taking advantage of American businesses for decades. His determination to redress what he sees as an imbalance has resulted in an escalating trade war, with stringent tariffs affecting not only the two countries’ economic outlooks, but also the entire global economy.

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