G20: Trump and Xi to meet amid US-China trade tensions

by Ben Pena December 2, 2018, 1:54
G20: Trump and Xi to meet amid US-China trade tensions

Trump has chose to pull the United States from the Paris accord on curbing carbon emissions, despite mounting warnings from scientists leading up to a UN climate summit starting next week in Poland.

The head of the International Monetary Fund is warning that trade tensions threaten global economic growth.

The multilateral trading system is 'falling short of its objectives and there is room for improvement, ' the official communique reads.

"For the first time ever, the G-20 recognized the WTO is now falling short of meeting its objectives and that it's in need of reform", a US official, speaking on condition of not being named, told reporters. We therefore support the necessary reform of the WTO to improve its functioning.

"Perhaps we can break through in Buenos Aires or not", he said. It doesn't mention the word "protectionism", however, after negotiators said that had met resistance from the United Unite States. "I think they want to and I think we'd like to so we'll see".

The European Union's President of the European Council Donald Tusk and President of the European Commission Jean-Claude Juncker are also participating as leaders at the summit.

He also warned that France would refuse to move forward on a trade accord with South America's Mercosur bloc if Brazil's incoming far-right president, Jair Bolsonaro, pulls out of the Paris climate accord.

"We ratify the concern of everyone over climate change".

Chinese President Xi Jinping was also yet to comment, as he prepared to dine with Trump later Saturday for a large helping of debate on trade tariffs.

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the U.S. are all represented.

The non-binding agreement, negotiated in all-night talks, capped the two-day G20 summit in Buenos Aries.

While Trump canceled his meeting with Putin, the USA president was still scheduled to meet with China's Xi, but analysts were not optimistic about prospects for a major breakthrough on their countries' trade disputes a month before US tariffs on Chinese goods are set to ramp up.

In a meeting that lasted just over 20 minutes on the sidelines of the G20 Summit, Mr Trump made what Mr Morrison described as "inquiries" about how he came to be Australia's 30th Prime Minister after a week of upheaval in the Liberal Party in August.

Putin arrives at G20 after Trump talks cancelled
China has aimed tariffs at industries perceived to extract the greatest impact on industries that tend to favor Trump. Chinese manufactured products account for 61.6% of the consumer electronics imported into America.

Mr Trump said he would not meet the Russian leader "based on the fact that the ships and sailors have not been returned".

Over their meal, following the conclusion of the G-20 leaders' meeting here, Trump and Xi who will be joined by only a small group of advisers are to discuss trade and other matters, the president told reporters during a meeting with German Chancellor Angela Merkel.

Earlier, Putin grinned broadly and welcomed Saudi Crown Prince Mohammed bin Salman like a long-lost friend with an enthusiastic hand-shake after the group photo, where Trump looked on sombrely and Xi stood impassively.

They agreed on the need for "maintaining vigorous enforcement of existing sanctions to ensure the DPRK understands that denuclearization is the only path", Sanders said, using the North's official name, the Democratic People's Republic of Korea.

Saudi Arabia has said the prince had no prior knowledge of the murder.

Washington and Beijing have imposed tariffs on hundreds of billions of dollars on each other's imports after Trump began an effort to correct what he views as China's unfair commercial practices.

Until Khashoggi's killing, Trump had been an unabashed fan of the prince as the young leader who portrays himself as a reformist consolidated power and detained prominent Saudis, with the heir apparent forging a particularly close relationship with Ivanka's husband Jared Kushner.

The G-20 was supposed to focus on issues like development, infrastructure and investment, but as the gathering officially kicked off, those themes seem like afterthoughts, overshadowed by contentious matters from the U.S. He will have dinner on Saturday with his Chinese counterpart, Xi Jinping. Saturday's talks between the Chinese leader and Trump could prove a test of the pair's personal chemistry.

The US has hit $250bn of Chinese goods with tariffs since July, and China has retaliated by imposing duties on $110bn of US products. "We'll see", he said, speaking during a meeting with Japanese Prime Minister Shinzo Abe.

The officials spoke on condition of anonymity to discuss the ongoing closed-door discussions.

Beijing hopes to persuade Trump to abandon plans to hike tariffs on $200 billion United States of Chinese goods to 25 per cent in January, from 10 per cent at present.

The two countries are also at odds militarily over China's extensive claims in the South China Sea and USA warship movements through the highly sensitive Taiwan Strait.

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