Here's what Trump and Xi Jinping ate at their formal dinner

03 December, 2018, 01:46 | Author: Sally Reid
  • The Argentine central bank said the swap deal will “contribute to greater financial stability and also facilitate trade” between China and Argentina

Trade Representative's press release and report on the Section 301 tariffs on IP.WTO dispute list.Campaign speech by Donald Trump from June 2016 detailing much of what has become his global economic policyU.S. tariff lists: On $34 billion in imports (final) On $16 billion in imports (final) On $200 billion in imports (initial) Translation of all China's tariff lists (with links to the original Chinese ones) China's white paper making its case on trade.

The G20 Leaders' declaration issued Saturday was heavily influenced by both US policy as President Trump sees it, and by the trade war between the two nations, which affects all the other economic powerhouses at the summit.

Trump will leave tariffs on $200 billion worth of Chinese imports at 10 percent at the beginning of the new year, agreeing to not raise them to 25 percent "at this time", the White House said in a statement.

But a summit-ending statement from the G20 reiterated that the United States has rejected a global agreement on climate change, and omitted pledges to combat protectionism that were a mainstay of the world's leading economies in the pre-Trump era.

While Mr Xi agreed to buy an unspecified but "very substantial" amount of agricultural, energy, industrial and other products, the White House said.

White House Press Secretary Sarah Sanders said Trump and Xi had agreed to begin immediate trade negotiations on the stickier points of contention between the two powers, including forced technology transfer and intellectual property protection.

The U.S. and China have agreed to a 90-day truce in a bid to work out their trade differences. Russian Federation and Saudi Arabia are the world's two leading exporters of crude, and Putin said they had agreed to extend a pact on oil production cuts, as prices slump on global markets.

Beijing meanwhile has accused the U.S. of starting "the largest trade war in economic history".

China "is open to approving the previously unapproved" deal for USA company Qualcomm Inc to acquire Netherlands-based NXP Semiconductors "should it again be presented".

So far, the US has imposed tariffs on $250 billion worth of Chinese imports.

It was the first face-to-face meeting between the two leaders since Trump's China visit in November a year ago and since both countries started imposing tit-tat tariffs on each other's exports.

Deontay Wilder retains WBC heavyweight title after thrilling draw with Tyson Fury
I don't know anyone on the planet that can move like that. "I would love for it to be my next fight", Wilder said. Fury managed, somehow, to return to his feet before the count ended.

China will import more marketable products form the United States in efforts to gradually ease imbalances in the two-way trade, said Wang. What's more likely, analysts say, is that they reach a truce, buying time for more substantive talks.

"US alleges that China - with its intertwined government & corporate sector - gets around WTO free market principles".

As two major countries with great influence, China and the United States shoulder important responsibilities in promoting world peace and prosperity, Xi told Trump.

In a White House press release, Trump was quoted as saying that this was an incredible and productive meeting with unlimited possibilities for both the United States and China. He said there were three sites under consideration, but he declined to name them.

Fentanyl and other synthetic opioids now rank as the deadliest abused drug in the US, accounting for nearly half of the more than 70,000 overdose deaths in 2017, according to the Centers for Disease Control and Prevention.

US-China trade divisions also meant an Asian economic summit earlier this month was unable to agree a formal leaders' statement for the first time in its history.

But one thing is clear-the stakes in the negotiations between the USA and China are huge.

Some analysts said the talks had made important progress on cooperation on the North Korean nuclear program and restricting illicit Chinese shipments to the USA of the addictive opioid fentanyl, but did not represent a breakthrough in commercial diplomacy.

President Trump and President Xi discussed trade during a two hour long dinner with their most senior representatives in Buenos Aires, Argentina. "He's a good friend but we have a little bit of a dispute", Mr. Trump said about Xi in an interview with Voice of America on Friday.

Mr Trump had earlier said the pair shared a "very special" relationship.

"We've been here before", economist Paul Ashworth of Capital Economics noted in a research brief after the Trump-Xi meeting.


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