Wednesday, 12 December 2018
Latest news
Main » Trump to meet Erdoğan at G20 summit in Argentina

Trump to meet Erdoğan at G20 summit in Argentina

30 November 2018

"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. Ultimately, the US President advised companies willing to avoid tariffs should “build factories in the United States”.

Trump's threat of broader tariffs comes ahead of this week's G20 summit in Argentina where he's expected to meet with Chinese president Xi Jinping.

Mr Trump launched a trade war with China this year, which has seen the United States hit about half of all Chinese imports into the U.S. with tariffs.

The USTR statement follows a pair of tweets from Donald Trump in response to General Motors' decision to close several plants and layoff thousands of workers, in which Trump implied a higher tariff on cars imported to the USA could have prevented GM from closing factories.

Buenos Aires: G20 leaders, wrestling with the US-China trade war and ascendant populism at their 10th summit this week, face a new crisis following Russia's naval confrontation with Ukraine.

U.S. President Donald Trump suggested that 10 per cent tariffs could be placed on mobile phones, like the iPhone and laptops made in China, dealing a potential blow to Apple Inc. "Maybe I won't have the meeting", he said.

The discussions in Argentina will center around a 142-point list of USA demands reportedly floated between American and Chinese negotiators in recent weeks, a collection of asks that may be edited and refined in the coming weeks.

Additional tariffs on auto imports from China would affect any cars produced in China.

For starters, US Trade Representative Robert Lighthizer on Wednesday slammed Beijing for failing to offer "meaningful reform" on aggressive trade policies and threatened tariffs on Chinese autos.

Finnish president confirms forestry chat with Donald Trump
It was all of course a nod to his suggestion simply raking the forests in California could have prevented the loss of lives. More than 12,000 of the 15,000-plus structures which have been destroyed by the Camp fire were located in Paradise.

There is little reason to be optimistic about the outcome of the dinner between Xi Jinping.and Donald Trump.

Additionally, existing USA duties on Chinese imports are set to rise from 10 percent to 25 percent in January, affecting $200bn worth of imported goods.

If the objective is to restore the U.S. economy to what it "used to be", then it won't only be China that will be adversely affected. GM, which attributed its move this week to changing consumer tastes and declining sales, has said that the tariffs on steel and aluminum had already cost it $1 billion in profits.

"We're gonna use this as an opportunity to talk about our measures of tax cuts and deregulations and reskilling and job training and so forth that have generated significant economic growth and prosperity [in the United States]", Kudlow said.

"There may be a statement of principles (in Buenos Aires), confirming they will maintain negotiation and communication, but I think it will be hard to reach a comprehensive agreement, because to do that both sides need to make big concessions", he said.

The two sides have also been eyeing a possible mid-December trip to Washington by Liu He, Xi's top economic adviser, according to two people familiar with the discussions. "I am open to making a deal but frankly I like the deal that we have right now", he said.

Kudlow says he hopes the Chinese understand Trump is "not going away".

"This just presents enormous challenges as the USA government seeks to move further on its objectives - whether that's North Korea, whether that's Iran, whether that's a variety of issues", she said.

Trump to meet Erdoğan at G20 summit in Argentina