President Trump on Tuesday announced plans to meet with Chinese President Xi Jinping next week at the G-20 summit in Osaka, Japan, as the two look to hash out a deal between the U.S. and China amid an ongoing trade war. Washington and Beijing had previously engaged in talks, but they recently broke down; a Trump-Xi meeting in Osaka has been seen as a chance to rekindle the negotiations. Chinese officials have not yet confirmed the plans. Trump's tweet was enough to give a boost to U.S. stocks, signaling a sense of relief from investors who are concerned that the promises of eye-for-an-eye protectionist trade policies being doled out by both sides could have negative long-term effects on the global economy.

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