INNER SIGHT - Trump - Xi meet: New trade deal to melt frozen ice

INTERNATIONAL

Trump - Xi meet: New trade deal to melt frozen ice

A different winter is on the cards of US -China bilateral relations that is now set to melt the ice frozen in monsoon over tariff war.

The trade negotiators for US and China claimed today that they have reached consensus on a wide range of conflicting points, laying the roadmap of a much-awaited trade deal as Donald Trump and Xi Jinping meet later this week.

“We are moving forward to the final details of the type of agreement that the leaders can review and decide if they want to conclude together,” US trade representative Jamieson Greer told reporters in Malaysia's Kuala Lumpur, where the ASEAN Summit is being hosted.

Chinese trade negotiator Li Chenggang called the talks between the US and China 'candid and in-depth discussions' on the upcoming trade deal, revealing that the two partners had reached a "preliminary consensus”.

The trade negotiators stated that they have come to terms to a framework for a trade deal ahead of the meeting between the top two leaders.

The possible easing out of the ensuing stiff relationship between the two nations, according to a New York based financial research foundation, would have a perpetual impact on the present world geopolitical scenario. It stated that Donald Trump's dwindling priorities over past six months have hit the world economy adversely and that already had left adequate bruises to the growth index of certain dependent nations, especially in the third world.

China, meanwhile, maintained a calm strategic plan that mostly perturbed the Trump administration.