European stocks traded higher Tuesday after U.S. President Donald Trump told CNBC that immediate tariffs would be imposed on a further $300 billion of Chinese goods if President Xi does not attend this month’s G-20 meeting.

The pan-European Stoxx 600 closed up 0.69% to 380.89 during the session, basic resources jumping 2.8% while autos also climbed 1.7%, with most sectors trading in positive territory.

Trump is set to meet with Xi at the G-20 summit, which is scheduled for June 28-29 in Osaka, Japan. The leaders of 19 nations and the European Union are expected to attend, as trade tensions approach boiling point worldwide.

Source: CNBC