Trump says it would be 'monumental' if U.S. can reach deal with China

OSAKA, June 29 (Reuters) - U.S. President Donald Trump said on Saturday he was open to a trade deal with Chinese President Xi Jinping that would be "monumental," as they began high-stake talks that could ease tensions or plunge the world's two largest economies into a deeper trade war.

"I actually think that we were very close and then something happened where it slipped a little bit and now were getting a little bit closer," Trump said on the sidelines of the Group of 20 (G20) meeting in Osaka, western Japan.

"But it would be historic if we could do a fair trade deal. Were totally open to it and youre totally open to it," he said.

"I think this will be a very productive meeting and I think we can go on to do something that truly will be monumental," he added. (Reporting by Roberta Rampton in OSAKA and Ben Blanchard in BEIJING Editing by Chang-Ran Kim)