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00:00:02
>> China has responded to US trade demands, a move that could spark negotiations to end the two sides trade war. That's what three government sources said Wednesday, telling Reuters, Beijing has delivered a response in writing. US President, Donald Trump, has been trying to force China to buckle, and hand over concessions on trade between the world's top two economies.
00:00:23
To do it, so far he's slapped tariffs on $250 billion worth of Chinese imports and Beijing has hit back with its own tariffs too. Trump has repeatedly railed against China on trade.>> We have been ripped off by China. An evacuation of wealth like no country has ever seen before.
00:00:42
>> He's focused on intellectual property theft. Chinese entry barriers for US companies. And the American trade deficit with China. The three sources say Beijing's response answered those demands however, they gave no further details. So it's unclear if that included concessions that would satisfy Trump's demands for change. It comes weeks ahead of the G20 Summit in Argentina where Trump is expected to meet with Chinese leader Xi Jinping.
00:01:09
Trade is more than likely to top the agenda. If US demands on trade aren't met Trump has threatened to impose tariffs on everything China exports to the United States.