Obama said the United States is against trade protectionism.

The United States is committed to the one-China principle and respects the core interests of China, said the U.S. president.

Chinese President Hu Jintao (2nd R) meets with U.S. President Barack Obama (2nd L) in Toronto, Canada, June 26, 2010. [Xinhua/Li Xueren]

Hu said China appreciates the U.S. reiteration of its commitment to the one-China principle and its respect for China's sovereignty and territorial integrity.

Hu accepted Obama's invitation for a state visit to the United States.

The two leaders also discussed the situation on the Korean peninsula and the Iranian nuclear issue.