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I really have to make a deal president trump tweeted Tuesday that he'll be meeting with Chinese president xi Ching paying at next week's G. twenty summit and that the two sides will rekindle trade talks ahead of that meeting the US and China are in the middle of a costly trade war that is squeezed financial markets and damage the global economy talks between the two sides broke down last month stocks rallied after trump tweeted the news with the down SMP up more than one percent as investors bet new talks could ease trade tensions between the world's two biggest economies Chinese state media said she agreed to the meeting and emphasized in the call that economic and trade disputes should be solved through dialogue Washington has already imposed twenty five percent tariffs on two hundred fifty billion dollars of Chinese goods ranging from semi conductors to furniture that are imported to the U. S. in may trump threatened to put tariffs on another three hundred twenty five billion dollars of goods covering nearly all the remaining Chinese imports including products like cell phones computers and clothing at a hearing in Washington on Monday a wide range of US companies told lawmakers that they really have few alternatives other than China for producing clothing electronics and other consumer goods