China has not confirmed any such meeting.Trump said last week he would decide after the meeting of the leaders of the world's largest economies whether to carry out a threat to impose tariffs on at least $300 billion in Chinese goods.In comments to reporters on Monday, Trump said he still thought the meeting with Xi would happen. "We are scheduled to talk and to meet. It also wants curbs on subsidies for Chinese state-owned enterprises and better access for U.S. firms in Chinese markets.On May 10, Trump raised tariffs on $200 billion of Chinese goods up to 25% and took steps to levy duties on an additional $300 billion in Chinese imports. The Mexican peso rose more than 2% against the greenback, reversing most of its losses from the past couple of weeks. [MKTS/GLOB]Trump, who has embraced protectionism as part of an "America First" agenda, said on Monday the tariff threat on Mexico would be reinstated if Mexico's Congress did not ratify another part of the migration pact.

Source: The Star June 10, 2019 21:45 UTC