With U.S. President Donald Trump and China's Xi Jinping agreeing to talks on the margins of the Group of 20 summit in Osaka on June 28-29, the conversation has shifted from "will they meet?" to "will they strike a trade deal?"
While Trump enjoys doing the unpredictable, the prospects of concluding a trade agreement in Osaka are remote. Taking a page from their last meeting, in Buenos Aires in December, the likely scenario is that the U.S. and China will announce a resumption of negotiations, coupled with a cease-fire on further tariff and trade-related actions.
