World waits to see if Trump-Xi dinner brings trade peace

Anna Jefferson
December 1, 2018

Another USD 200 billion has been hit with a 10 per cent tariff with plans to increase that to 25 per cent on January 1.

Following hopes that a deal would be made between the two countries, U.S. stocks closed higher on Friday.

Trump said there had been some positive signs.

The leaders were gifted with alpaca wool scarves woven by women working in the mountainous province of Catamarca, the organizers said on Friday.

The US has hit a total of $250bn of Chinese goods with tariffs since July, and China has retaliated by imposing duties on $110bn of US products.

"But I will tell you that I think China wants to make a deal". I think we'd like to.

"In relation to Mr Khashoggi, we want to see a full and transparent investigation of what happened and those responsible being held to account", she said.

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World leaders arrived Thursday in the Argentine capital of Buenos Aires ahead of the first-ever G20 summit in South America. The monthly goods deficit grew by $1 billion in October, according to a US Census report released Wednesday.

In talks earlier this month setting the stage for the Xi-Trump meeting, a top Chinese foreign policy adviser had sharp words for the USA side over Washington's increased support for the island, which China claims as its own territory.

Such a statement would endorse the Paris Agreement on climate change, repeating one issued at last year's G20 in defiance of Trump, who has yanked the United States out of the pact despite increasingly urgent warnings from scientists in advance of a UN climate meeting starting in Poland next week.

Officials hammering out the communique, known as "sherpas", said they expected to work into the night.

German Chancellor Angela Merkel blamed the crisis "entirely" on Russian Federation and said she would raise the issue with Mr Putin.

After initial plans for him to stay away from the summit, Trump's hardline trade adviser, Peter Navarro, was added to the United States delegation at the last minute and is expected to attend the meeting between Trump and Xi, a USA official and a source familiar with the situation told Reuters.

A White House official said that Trump sees a "good possibility" for a deal to defuse the trade frictions, as Washington demands greater market access and protections for intellectual property by Beijing.

EU Council President Donald Tusk called on fellow leaders to discuss "trade wars, the tragic situation in Syria and Yemen and Russian aggression in Ukraine".

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We only need to show again a good level to compete at our best. "They're not going to have one day off until January". From then Barca have played 28 games at home, 26 wins and two draws. "What Barcelona do is not in our hands".

US President Donald Trump, Britain's Prime Minister Theresa May, French President Emmanuel Macron and Japanese Prime Minister Shinzo Abe wave hands during a family photo at the G20 leaders summit in Buenos Aires, Argentina November 30, 2018.

However, Moscow said USA domestic politics may have been the real reason behind the cancellation after Michael Cohen, Trump's former longtime personal lawyer, pleaded guilty on Thursday to lying to Congress about a proposed Trump Organization skyscraper in Moscow.

Putin jetted into Buenos Aires Friday morning, and the Kremlin said it "regrets" Trump's decision to scrap the meeting.

Laura Jaitman, the Argentine Treasury official shepherding the G-20's financing talks, said leaders have made progress on finance and trade and was hopeful a joint statement would be possible.

President Trump on Thursday announced he is canceling a planned meeting with Russian President Vladimir Putin during the G20 summit in Argentina on Saturday, but Ian Bremmer believes the two leaders will still meet over the weekend. Saudi Arabia has denied that bin Salman played a role, but US intelligence agencies concluded he ordered the killing.

Kudlow added that if the USA doesn't get "satisfactory" responses to its trade positions more tariffs will be imposed.

It says Mr Macron told MBS that Europeans wanted worldwide investigators to take part in the probe on Mr Khashoggi's death and stressed "the necessity of a political solution in Yemen".

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There are also questions about how to handle the awkward presence of Crown Prince Mohammed bin Salman.

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