Putin arrives at G20 after Trump talks cancelled

by Garry Watts December 1, 2018, 1:42
Putin arrives at G20 after Trump talks cancelled

Additional data due out next week on trade of both goods and services is expected to show a 10-year high in the overall trade deficit, said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

In an interview with the Wall Street Journal four days ahead of his high-stakes meeting with Chinese President Xi Jinping in Argentina, Trump said it was "highly unlikely" he would accept China's request to hold off on the increase, which is due to take effect on January 1.

The stakes are high for the world's two biggest economies.

May told British media she meant to use the summit to sell the vision of a "global Britain" after its Brexit departure from the European Union, scheduled for March next year. Chinese manufactured products account for 61.6% of the consumer electronics imported into America.

Leaders are wary of discord after the failure of the Asia-Pacific Economic Cooperation (APEC) summit in Papua New Guinea to agree on a joint statement -following Chinese objections on trade.

"His message should be that everybody who wants to invest must come to South Africa and it is a safe place to invest".

Economists and critics of the president's trade policies point out duties are paid by importers and thus constitute a tax on USA industry and consumers that is not paid by China.

China, for its part, is hoping for "positive results" in resolving its trade dispute with the United States, the commerce ministry said on Thursday. China has aimed tariffs at industries perceived to extract the greatest impact on industries that tend to favor Trump.

NASA Spacecraft To Endure '7 Minutes of Terror' In Mars Landing
The $1 billion global effort calls for the robotic geologist to explore Mars' mysterious interior. Radio signals may be briefly lost.

Trump is hopeful for a breakthrough with Xi but is ready to impose more tariffs if the upcoming talks don't yield progress, Larry Kudlow, Trump's top economic adviser, told reporters Tuesday during a briefing ahead of the Group of 20 meeting in Argentina.

In a recent address at the Center for Strategic and International Studies, Navarro offered extremely harsh criticisms of Beijing's trade and manufacturing policies, declared that there is simply no basis for trust in negotiations with Beijing.

The key issue there will be the nations' trade tariffs dispute.

Fast-forward three years and he's hosting this summit in a new political era - one where protectionism and populism, not globalisation, are the order of the day. The two sides also held discussions on enhancing investment in technology, renewable energy and food security.

"If we could make a deal, that would be good".

The rising tensions have seen the two countries hit each other with tit-for-tariffs on goods worth hundreds of billions of dollars in sectors from automobiles to agriculture and energy, stymying trade and redrawing global supply chains.

"If we can see either a pause or a deal on the trade war this coming week, as well as some type of agreement between Russian Federation, the United States and Saudi.that's the basis of our call here", Corrie said. China has responded with its own tariffs.

Recommended News


TOP News

The start of the Christmas Shopping season begins on Black Friday
Offline, about 164 million shoppers are expected to hit brick-and-mortar stores on the year's busiest shopping day. The line of shoppers at Kohl's in Kanawha County started forming at 2 p.m. on Thanksgiving Day 2018.

Democratic Senators Sue Over Matthew Whitaker's Acting AG Appointment
While the Justice Department has predictably defended Trump's appointment of Whitaker as legal, Sen. Whitaker, who has been critical of the Russian Federation investigation, is now overseeing it.

Three more cases of E. coli confirmed
They should also wash any fridge drawers, containers or countertops where lettuce may have been stored with soap and warm water. So far, there have been 22 reports of people becoming sick in Canada and more than three dozen in the US , but no deaths.

Major League Baseball donated $5,000 to MS senator Cindy Hyde-Smith
Blocks away in the eastern MS city, Democrat Mike Espy spoke to a mostly African-American crowd at a Masonic lodge. In the heavily Republican state, Hyde-Smith had always been seen as the prohibitive favorite in the race.

Feds pass back-to-work legislation for Canada Post employees
Palacek accused the government of supporting organized labour only when it's convenient and of doing Canada Post's "dirty work". The former Conservative government used back-to-work legislation for Canada Post workers in 2011.

Josh Donaldson inks one-year pact with Braves
He had a hip injury in 2016, was slowed by a strained right calf in 2017 and by shoulder inflammation and a calf strain this year. Josh Donaldson hit a home run on September 14 of this year and had me thinking the Cleveland Indians had that magic back.

Kraken warns of extremely high risk when investing in Bitcoin Cash SV
The cryptocurrency market is falling without a parachute, with the price of a single bitcoin down to $4,483 as of press time. It seems the trend turned bearish for almost every cryptocurrency, except for USD Coin, QASH and Dai showing minor increase.

Thanksgiving night shooting at Alabama mall leaves one dead, two injured
Black Friday madness began on Thanksgiving night at the Riverchase Galleria in Alabama , but sadly, the chaos turned deadly. Rector said that extra police manpower was already at the mall which allowed police to respond quickly to the shooting .

After Khashoggi, Saudi prince looks to rebuild image abroad
The complaint also accuses the crown prince and Saudi government of torture of Saudi citizens. The US Central Intelligence Agency has concluded the crown prince was behind the killing.

Trump's former lawyer Michael Cohen pleads guilty to lying to Congress
The document does not identify Individual 2, but people familiar with the investigation said it is Sater. These new charges come with a maximum possible sentence of five years and a fine of up to $250,000.