Between the unexpected arrival of Iran’s Foreign Minister Javad Zarif in Biarritz on Sunday, and the China-U.S. comments on their trade talks, analysts are still determining the potential outcomes from these events. The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal after markets fell in response to new tariffs from both countries. Vice Premier Liu He, who has been leading the talks with Washington, said on Monday China was willing to resolve the trade dispute through “calm” negotiations and resolutely opposed the escalation of the conflict.
“They want calm, and that’s a great thing, frankly. And one of the reasons that he’s a great leader, President Xi, and one of the reasons that China’s a great country is they understand how life works,” Trump said.
Meanwhile, Donald Trump said Monday he’d be willing to meet Iranian President Hassan Rouhani under “correct” circumstances to discuss their standoff over the 2015 nuclear deal the U.S. president abandoned. Trump also said he’d support extending what he called a “letter of credit” to Iran, secured by oil, to help the country meet short-term financial obligations, another Macron proposal. “It would be from numerous countries,” Trump said, and “it would be paid back immediately.”