(SOUNDBITE) (ENGLISH) U.S. PRESIDENT DONALD TRUMP SAYING: China wants to make a deal very badly, it's me right now that's holding up the deal." With just three weeks to go before U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet at the G20 to discuss their raging trade war, expectations for cutting a deal are low.
And sources tell Reuters that there's been little preparation for a meeting even with the health of the global economy at stake.
(SOUNDBITE) (ENGLISH) U.S. PRESIDENT DONALD TRUMP SAYING: "Additional tariffs in China?
One way or another, I'll make that decision, after the G20." Those threats are on another $300 billion dollars worth of Chinese imports.
And come after the president already slapped China with 25% tariffs on $200 billion dollars worth of goods.
But while President Trump says he wants to meet Xi at the summit of world leaders in Osaka, neither side has confirmed that a meeting will take place.
And sources tell Reuters there's been a lack of prep work for the meeting, due to increasing acrimony.
Relations deteriorated after negotiations to end the trade dispute broke down in May and Trump accused Beijing of reneging on promises to meet a number of U.S. demands.
But for Trump - the lack of preparation for a big meeting is not that unusual.
(SOUNDBITE) (ENGLISH) U.S. PRESIDENT DONALD TRUMP SAYING: "I don't think I have to prepare very much.
It's about attitude, it's about willingness to get things done." Often attending important talks with little work in advance.
On the Chinese side - it's a different story.
One Asian diplomat told Reuters that "For China it's all about protocol" and it "will not want Xi go into a meeting where he may be embarrassed." Either way, investors will be watching their every move closely.
After seeing over a trillion dollars wiped from global markets in the past month by the trade fight.