‘China and US will lose by fighting’: Xi Jinping tells Trump

Beijing, June 18: Chinese President Xi Jinping called for cooperation in a phonecall with Donald Trump on Tuesday, confirming he would meet the US leader at the G20 summit amid a bruising trade war.

"China and the US will both gain by cooperating, and lose by fighting," Xi told Trump, according to a readout by Chinese state broadcaster CCTV.

US President Donald Trump Tuesday said he will hold an extended meeting with his Chinese counterpart Xi Jinping on the sidelines of the G-20 summit in Osaka, Japan next week, a major development amid the ongoing trade war between two of the world's largest economies.

Trump met with Xi at the previous G-20 in Buenos Aires, Argentina, last December. The two leaders discussed the trade dispute and tariffs, as well as the US opioid crisis.

"We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting," Trump said in a tweet Tuesday morning.