Made a decision to fight, Donald Trump arrives Thursday for G20 summit

Nov 30, 2018, 00:09
Made a decision to fight, Donald Trump arrives Thursday for G20 summit

"But its functioning has been different from a usual North-South or East-West divide, because we see very loose coalitions operating, depending on the issue being discussed", former foreign secretary Shyam Saran said.

Rumblings of resistance to Trump's assault on the global order were apparent as French President Emmanuel Macron said he would convene his fellow European leaders in Buenos Aires to forge a united front on "all the challenges" faced at the G20.

His comments to the Wall Street Journal come as he is expected to meet Chinese counterpart in Xi Jinping on the sidelines of this week's G20 summit in Argentine.

Mr Trump is open to a trade deal with China but is also prepared to hike tariffs on imports from the country if there is no breakthrough on longstanding trade issues during a dinner on Saturday with Mr Xi, White House economic adviser Larry Kudlow said on Tuesday.

"There are many things that China could do and that could ultimately be even more devastating", he said.

In an unprecedented policy speech last month at the Hudson Institute, Pence had outlined a laundry list of United States concerns on China - from unfair trade practices and foreign interference to its regional aggressiveness in the East and South China Seas.

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He also complained during the campaign about China's asymmetrical trade warfare that has been estimated to cost the United States between $180 billion and $540 billion annually.

Lam thinks the most Xi can get from Trump will be a delay in raising the tariffs.

A threat from US President Donald Trump of a 10 percent tariff on its iPhones has given Apple Inc investors something else to worry about. But so far, the deal-making talents he and his aides so often tout have not broken impasses on trade with China and the European Union, nor have they thawed relations with Russian Federation or convinced Putin to play nicer with his neighbors. "If we do not show concrete progress, our global meetings become useless and even counterproductive", he said.

The United States has imposed import taxes on $250 billion worth of Chinese products and China has countered by targeting $110 billion in USA imports.

American businesses and lawmakers on both sides of the aisle agree that the China trade issues should be addressed - but not everyone believes that tariffs are the right way.

Asked about the impact of tariffs on the economy, Kudlow said, "we are in a position to deal with it and handle it very well".

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US President Donald Trump's trade war with China is a dominant theme at the weekend summit but one sideshow is how leaders deal with the presence of Saudi Crown Prince Mohammed bin Salman.

"The participation of Chinese companies, whether in the energy sector or in infrastructure, contributes to the development of our economy", he said, noting that the cooperation also benefits the Chinese entities involved. But I will tell you that I think China wants to make a deal. Trump has threatened to impose tariffs on all Chinese imports if he and Xi fail to strike a trade deal during the meeting.

Thomas Bernes, a former official in Canada's finance ministry now at the Centre for International Governance Innovation, said Trump's penchant to "create chaos and then cut a deal" risked devastating consequences.

Additionally, Trump said that he expects to boost tariffs on $200 billion of Chinese products to 25 percent in January.

The monthly goods deficit grew by $1 billion in October, according to a US Census report released Wednesday.

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