U.S. President Donald Trump wants to reach an agreement with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina later this month, Bloomberg reported on Friday, citing four people familiar with the matter. Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina.
Mr Xi said he was "very happy" to talk to Mr Trump again and that he puts "great importance [on] good relations with the president", according to Chinese state media.
Officials are working to resolve differences ahead of upcoming talks between President Trump and his Chinese counterpart Xi Jinping.
'We talked about many subjects, with a heavy emphasis on Trade.
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.
Trump said the two countries have a chance to make a fair deal.
But within hours of the upbeat assessments, the US Justice Department took aim at another Chinese firm it accused of unfair practices, part of an across-the-board pressure campaign by the Trump administration targeting Beijing.
In the phone call with Trump, Xi also said he and Trump hoped to expand bilateral trade cooperation, he was quoted as saying on CCTV state television.
It was unclear if Mr Trump was easing up on USA demands that China has resisted.
On Thursday, the U.S. accused a Chinese state-owned company of conspiring to steal trade secrets of USA chip-maker Micron Technology Inc as part of a Justice Department crackdown against China in cases of suspected economic espionage.
In comments to state media, Mr Xi expressed his hopes for a trade deal and said he was willing to meet with Mr Trump in Argentina.
Tennessee Senator Lamar Alexander told Li that the delegation was there "to show our respect to a great country and a great people". "We have a new deal", he said adding that the USA is now negotiating with the European Union, which "has absolutely hurt" the United States.
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.
"China has been hurt over the last number of months".
Beijing responded by introducing reciprocal tariffs on US-made goods.