Home » World

What to expect from the G20 meeting between Trump and Xi

30 November, 2018, 09:43 | Author: Ted Wilson
  • PM Modi at Yoga for Peace event in Buenos Aires Argentina

Remember that the president's saber rattling against China has included a threat to impose tariffs on all US$500 billion worth of goods the USA imports from China, and "all" would seem to include cellphones and computers, which are the top two categories of USA imports from China based on value of goods. In response to that and other trade concerns, the U.S. imposed a 10 per cent tariff on more than US$200 billion worth of goods from China-to which China responded with tariffs on US$60 billion worth of goods from the U.S. Trump has threatened to raise the tariff rate to 25 per cent by the end of the year if the two countries don't strike a new deal-their meeting in Argentina is viewed as the best chance of reaching a constructive agreement on trade and other policies that impede U.S.

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

Trump and Xi are scheduled to meet on Saturday to discuss trade amid increasing tensions between the world's top two economies.

The United States imposed a 25 percent tariff on imported light trucks in the 1960s after France and West Germany imposed tariffs on US chicken, so it was also called the "chicken tax", and was referred to by Trump in his tweet.

Trump has been demanding that Beijing resolve a series of long-standing USA trade grievances such as accusations China steals US intellectual property and forces technology transfers by USA companies doing business in China.

Differences over Ukraine, as well as Moscow's role in the civil war in Syria, have been an irritant in US-Russian relations for years.

The U.S. and China have been engaged in escalating tariffs. US Secretary of State Mike Pompeo said he had seen no "direct" evidence linking the prince to Khashoggi's murder at a Saudi consulate in Turkey.

"There's a good possibility that we can make a deal, and he is open to it", Kudlow said.

Ex-Trump chair Paul Manafort 'lied to special counsel Mueller'
A month later he pleaded guilty to two other criminal charges in a plea deal with Special Counsel Robert Mueller . The filing also said that Manafort disagrees with the finding that he lied to federal authorities.

"We have been ripped off badly by people coming in a stealing our wealth", he said.

In a decree signed by Argentinian President Mauricio Macri, the government declared Friday a national holiday, and encouraged anyone not involved in the G20 to get out of the city for a long weekend. China appears willing to renegotiate certain aspects of policy, such as boosted IP protection and cyber security regulations, as well as increased market access to bring it into line with WTO rules.

"I think China wants to make a deal". "I'm open to making a deal, but frankly, I like the deal we have right now." the US President was quoted as saying by Efe on Thursday.

If the objective is to restore the United States economy to what it "used to be", then it won't only be China that will be adversely affected. But those efforts are often undermined by other Trump-ordered moves that are straight out of the "America first" playbook, experts and Democratic members say. They are, of course, ultimately a tax on U.S. consumers and shareholders. The new North American trade deal exempts the first 2.6 million SUVs and passenger cars built in Mexico and Canada from new tariffs.

When some economists or analysts talk about the potentially minimal impacts that tariffs might have on GDP, it is this higher government income that could offset a decline in consumption due to higher prices.

While the announcement sparked an immediate backlash from Trump - a threat to remove tax credits for GM's electric vehicles - the tariffs on imported steel and aluminium have nearly certainly been a factor in the decision. But Kudlow also said the White House has been disappointed so far in China's response to trade issues with the United States.

But the globe's largest economies have many other issues to discuss, with leaders holding their peers accountable for the world's current conflicts.

The Trump administration is divided into rival camps when it comes to China.


  • Peace at last between North and South Korea?

    Peace at last between North and South Korea?

    South Korea had about 60 posts inside the DMZ guarded by layers of barbed wire and manned by troops with machine guns. The chemicals to control pine tree diseases are not subject to UNSC sanctions on the North, it said.
    Rain breaks, easing search for remains of California wildfire

    Rain breaks, easing search for remains of California wildfire

    Butte County Sheriff Kory Honea has warned that the remains of some victims may never be found. Officials said most of the victims of the fire identified so far have been of retirement age.
    Tito Ortiz KO’s Chuck Liddell In Third (And Hopefully Final) Matchup

    Tito Ortiz KO’s Chuck Liddell In Third (And Hopefully Final) Matchup

    I don't think it was my best showing for sure. “Im going to have to sit back and really think about whats next.”. Liddell vs Ortiz Live Stream - Can I watch the fight online? I was so happy to get inside the ring.
  • Trump says he may cancel meeting with Putin over Ukraine

    Trump says he may cancel meeting with Putin over Ukraine

    Russia is treating the seamen as individuals who violated the Russian border, an offense that carries up to six years in prison. United States Ambassador to the United Nations Nikki Haley speaks during a U.N.
    Texas A+M Outlasted LSU In A Record-Setting Seven Overtime Thriller

    Texas A+M Outlasted LSU In A Record-Setting Seven Overtime Thriller

    Fisher told reporters he was not aware of the incident and "had no idea" what happened. "I felt like he tore something in there". Craig , who was LSU's receivers coach in 2016, approached LSU's bench in the midst of a crowd storming shouting vulgarities.
    Trump Urges Mexico To Send Migrants Home After Border Clash

    Trump Urges Mexico To Send Migrants Home After Border Clash

    The President also reminded reporters that not every man and woman that's with a child is indeed their parent or parents. Democrats and even some lawmakers in Trump's own party have resisted his calls to fund his proposed border wall.
  • NBA Raptors edge Warriors 131-128 in overtime

    NBA Raptors edge Warriors 131-128 in overtime

    Riley Morrison, a 9-year-old from Napa, loves the game of basketball and at the top of her list of role models is Stephen Curry . The win snapped an eight-game losing streak against the Warriors and gave Toronto its first seven-game win streak of the season.
    How much for that app? U.S.  top court hears Apple antitrust dispute

    How much for that app? U.S. top court hears Apple antitrust dispute

    Roberts expressed concern that, for a single price increase, Apple could be held liable by both consumers and App developers. Part of the concern, the court said in that case, was to free judges from having to make complex calculations of damages.
    General Motors to close seven factories globally

    General Motors to close seven factories globally

    The Baltimore Operations plant will stop building transmissions, and likewise the Warren Transmission Operations site in MI . The president said that he was " very tough " with GM CEO Mary Barra when speaking with her after the announcement .
  • Mississippians Vote in High-Stakes Senate Runoff

    Mississippians Vote in High-Stakes Senate Runoff

    Cindy Hyde-Smith, who is white, and Democrat Mike Espy , who is black. "They're not putting their best in there, right?" he said. Espy resigned the Cabinet post in 1994 amid a special counsel investigation that accused him of improperly accepting gifts.
    Nancy Pelosi nominated by Democrats to be next House speaker

    Nancy Pelosi nominated by Democrats to be next House speaker

    Joe Cunningham of SC and Abigail Spanberger of Virginia are among those who said they'd vote against Pelosi on the House floor. The group sent Pelosi a letter on November 13 outlining their terms and have since kept up the pressure on Pelosi.
    Nintendo Switch Cyber Monday deals boil down to one thing: More Games

    Nintendo Switch Cyber Monday deals boil down to one thing: More Games

    Now that Black Friday and Cyber Monday are behind us, gamers need to know - which console "won" the Thanksgiving weekend battle? Lifetime sales of Nintendo Switch , which is entering only its second holiday season, have reached more than 8.2 million units.


Trump says he wouldn't take Manafort pardon 'off the table'
Trump said his pledge not to conclude new deals only applied after he had been elected and inaugurated. Oh, and as journalists are noting, if Cohen is guilty of lying to Congress, that means Don Jr.is too.

Markelle Fultz's Shoulder Exams To Continue Through Wednesday
After a wild rookie year filled with controversy and injuries, the days of Fultz being a dominant point guard seem long gone. In turn, this points to the belief that the Sixers could potentially look for McConnell to handle a larger workload.

Mexico Says Migrants Have Right To Seek US Asylum, Rejects Closing Border
Mexico's National Migration Institute reported that 98 migrants were being deported after trying to breach the U.S. border. Now, Sinclair - which covers roughly 40 percent of American households, many in the South and Midwest - is at it again.

Anthony Davis SHOCK trade update, Kyrie Irving ending up in Sacramento?
They committed eight first-quarter turnovers, fell behind by 20 points in the second quarter and could never catch up. Boston's road trip started off on a good note as the Celtics won at Atlanta 114-96 on Friday.

Trump tweets support of MS senator ahead of runoff
Johnson is free to support and donate his money to any candidate or cause he chooses, and the same can be said for Breton. In the final weeks of campaigning, race has become a dominant issue. "They want to cut our Social security and Medicare".

Three US Service Members Killed in Explosion in Afghanistan
A total of 13 U.S. troops have been killed this year in Afghanistan, according to the Defence Post. The survivors were evacuated from the area and are receiving medical attention.

Hundreds of Tunisians take to the streets against Saudi crown prince
Prince Mohammed's current tour comes ahead of his participation in the G20 summit in Argentina, starting on Friday. The crown prince's visit to Cairo is an important step in promoting strategic relations between the two countries.

Buckeye blitz: No. 10 Ohio State blows out No. 4 MI
Clemson, Oklahoma and Ohio State win; Alabama loses . "I'm going to be very hard on everybody this week", Meyer promised. Maybe most satisfying of all, Ohio State has won 14 of the last 15 meetings against the team it loves to beat the most.

Meghan Markle & Kate Middleton Feuding??
It also means Harry will be leaving his childhood home , where he was raised with William by Princess Diana. It provided no further details on the new official residence.

Indians mark 10th anniversary of Mumbai terrorist attacks
Six hostages - including a rabbi and his pregnant wife - were killed at the Nariman Chabad House. Israel stands in solidarity with India against terrorism and in memory of its victims.