Trade tensions have risen significantly between the United States and China this month, but the chief of a major mining company told CNBC he's sure that common sense will prevail between the two countries.
Open trade is a major driver for the mining industry wherein many products are moving from one country to another, according to Jean-Sébastien Jacques, CEO of Rio Tinto.
"Our belief (is) that both China and the U.S. are great trading nations, and maybe there are some differences, but I'm sure that common sense would prevail at the end of the day," Jacques told CNBC at the China Development Forum in Beijing.
"I just hope that they sit together, work out the issues. And clearly, in that context, the next 45 to 60 days are going to be very important. So let's watch it and let's see what happens," he said.