Trump, Xi agree to keep sanctions on N. Korea until it denuclearizes

Trump, Xi agree to keep sanctions on N. Korea until it denuclearizes

Trump, Xi agree to keep sanctions on N. Korea until it denuclearizes

This compilation image shows AFP file photos of U.S. President Donald Trump (L) and Chinese President Xi Jinping.

As reported by the South China Morning Post President Xi, in turn, called for a "mutually beneficial" result of talks in the backdrop of a volatile bilateral trade environment.

The call, which also highlighted the recent breakthrough regarding North Korean nuclear issues, came amid the two sides' increased diplomatic efforts to settle disputes centred around United States demands on issues such as trade deficit reduction and intellectual property rights protection.

Ross was part of a US delegation led by Treasury Secretary Steven Mnuchin that met May 3-4 in Beijing with senior Chinese officials led by Vice Premier Liu He. Talks will resume next week when Liu visits Washington. As demonstrated by a report obtained by CNBC, the US asked the bulk of all China's shortage reduction come from buys of USA items - a concept Ross reiterated Thursday.

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Trump also reiterated his commitment to ensuring that the USA and China have a balanced investment and trade relationship, according to the statement. Each side has announced tariffs to be levied on US$50 billion worth of annual imports from the other, and Trump has threatened to target an additional US$100 billion of Chinese imports. China's communist leaders have countered by outlining $50 billion in U.S. goods that they would target with retaliatory duties on goods including aircraft and soybeans.

"The two leaders discussed issues of mutual interest, including recent developments on the Korean Peninsula and President Xi's meeting today with North Korean leader Kim Jong Un", the White House said in a readout of the phone call.

The second Xi-Kim meeting in about 40 days came just weeks ahead of a planned summit between the US and North Korean leaders. The latest Xi-Kim meeting also comes and Trump prepares for a historic summit with the North Korean leader in late May or early June.

"President Trump and President Xi agreed on the importance of continued implementation of sanctions on North Korea until it permanently dismantles its nuclear and missile programmes".

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