Intellectual property to take center stage as Trump and Xi meet

Dec 01, 2018, 01:42
Intellectual property to take center stage as Trump and Xi meet

"Now I think it's really been stripped bare", he said, adding there was an opening for a liberal leader like France's Emmanuel Macron or Canada's Justin Trudeau to make a splash in Argentina by standing up to Trump.

"We are bleeding technology and so the pain and the cost to the U.S. to actually entering into a deal is far greater than not dealing with them", said Gordon Chang, author of the "Coming Collapse of China".

Global leaders arrived in Buenos Aires, Argentina, on Thursday (Nov 29) for the weekend's Group of 20 (G-20) leaders' summit, amid disagreements between major powers over issues such as trade and geopolitical flashpoints.

Washington in July launched a bold trade war with the Asian giant by imposing increased tariffs on Chinese imports valued at some $34 billion.

Gurria said the impact of existing USA trade tariffs of 10 percent on Chinese goods amounted to a loss of 0.2 percent of global gross domestic product by 2020.

Climate change and a US-China trade deal are also on the agenda at the meeting bringing together the leaders of the 20 most industrialised nations.

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In such a scenario, China has threatened to retaliate in kind, placing levies on all goods imported from the US.

"This is not a good year for multilateralism", said a German government source about talks on a final communique that the leaders are due to issue at the end of their meeting on Saturday.

Trump on Thursday also reiterated that USA tariffs were generating tax revenues: "What we have right now is billions and billions of dollars coming into the United States in the form of taxes", he said.

The G20 summit of the most powerful countries in the world opened in the Argentine capital Buenos Aires with a call for dialogue and consensus from Mauricio Macri, the president of the country hosting the event.

U.S. President Donald Trump will meet his Turkish counterpart Recep Tayyip Erdoğan during the G20 summit in Argentina, Trump's top security aide said November 27.

Ahead of the G20, White House economic advisor Larry Kudlow detailed what Trump wants out of China.

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US lawmakers have already indicated they don't expect to tackle the USMCA until after the new Congress is sworn in early next year.

The trilateral, which would be an expansion of the bilateral meeting between Trump and Abe, is part of the series of meetings the U.S. president would have on the sidelines of the G-20 summit on November 30 and December 1.

It also now looks as though Mr Putin will meet with President Donald Trump, despite Mr Trump appearing to cancel those plans in a series of tweets 24 hours ago.

Washington and Beijing remain at odds on key issues such as USA accusations of intellectual property theft and forced technology transfer, he said.

The pause scenario, Goldman says, means: "existing tariffs remain in place but the two sides agree to keep talking with escalation put on hold", the analysts wrote.

He also said while addressing the gathering that 'Yoga helps us acquire better mental and physical health.' It also gives peace and strength to our body and mind.

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For Trump, there was no escape from the lengthening shadow of the United States investigation over Russian meddling in his 2016 election, which is now reaching into his business affairs.