Argentina takes issue with the USA on China comments at G20 - worldwide

Geraldine Edwards
December 1, 2018

Navarro's presence at the dinner table alongside Trump reflects a change in plans after the White House said Navarro wouldn't join Trump's more moderate advisers like Treasury Secretary Steven Mnuchin for the trip to Argentina.

The summit was held in tight security conditions, following threats of violent disruption from some groups in Buenos Aires.

Trump called the pact known the USMCA a "model agreement that changes the trade landscape forever". -China trade war, and is more likely an indication that the conflict is set to intensify, rather than deescalate.

While the meeting between Chinese President Xi Jinping and his United States counterpart Donald Trump on the sidelines of the G20 meet is expected to somewhat calm down tensions, Wang said any success in Buenos Aires would rest on a foundation of mutual respect.

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

Putin's attack, and similar criticism of Trump's isolationist stance by French President Emmanuel Macron, capped an incident-packed buildup to the G20 that included flare-ups over Ukraine and Saudi Arabia.

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Some Chinese goods entering the U.S. are now taxed at 10 percent, but that will rise to 25 percent at the beginning of next year. A ceasefire, analysts say, would at least delay the risk of a further escalation in the trade war while talks proceed.

At the G20, bin Salman will come face-to-face with Western leaders who have been increasingly critical of the Saudi leader since the murder of journalist Jamal Khashoggi.

A South African economist urged President Cyril Ramaphosa to use the platform of Group of 20 (G20) summit to demonstrate South Africa's readiness to welcome new business and investment.

And if the leaders fail to reach a consensus in Buenos Aires, it will be the second such failure of a summit hosted by Argentina after members of the World Trade Organization (WTO) failed to make any headway last December.

The two economic giants are locked in a trade war, which may possibly even escalate.

The US has hit a total of $US250bn of Chinese goods with tariffs since July, and China has retaliated by imposing duties on $US110bn of US products.

Mr Trump had a "friendly meeting" with the crown prince, Saudi media said, while UK PM Theresa May has also said she will meet him.

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The G20 is made up of the world's 19 biggest economies and the European Union.

Leaders of the United States, Canada and Mexico, meanwhile, met in the morning to sign a trade deal replacing the North American Free Trade Agreement that was struck following months of tough negotiations that analysts say left a bitter taste among the partners.

Donald Trump has told Scott Morrison he has done "a fantastic job in a very short period of time" as prime minister.

The bilaterals, however, are expected to take the center stage at this summit.

But the two will not sit down together after Trump abruptly cancelled a planned meeting, citing Russia's recent seizure of Ukrainian ships and sailors.

The British Embassy in Argentina said Prime Minister Theresa May's visit would be the first by a United Kingdom prime minister to Argentina's capital.

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His aides, however, have reportedly suggested that those items be exempt from the tariffs in fear of consumer reaction. The rate increase, from 10pc to 25pc, is due to be implemented on Jan 1.

"I think we're very close to doing something with China but I don't know that I want to do it", Trump told reporters.

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