Trump, Xi to talk this week about trade, key advisor says

President Trump and Chinese President Xi Jinping are likely to talk this week about the ongoing trade negotiations between the world's largest economies, National Economic Council director Kevin Hassett said Sunday, Why it matters: It would mark a major advance in the increasingly turbulent trade relationship between the countries, one that U.S. officials have suggested was necessary for progress.Catch up quick: On Friday President Trump said on Truth Social that China had "totally violated" the tariff pause agreement the two countries reached in mid-May, raising fears the detente could be all but dead. Later that evening, he doubled steel tariffs.Between the lines: That pause deal with China contributed directly to a rebound in consumer confidence, CEO confidence and the stock market. What they're saying: "President Trump, we expect, is going to have a wonderful conversation about the trade negotiations this week with President Xi, that's our expectation," Hassett said on ABC's This Week.This is a developing story.

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