Trump hints at vehicle tariffs after GM's announcement on cuts

30 November, 2018, 11:44 | Author: Trevor Moore
  • AFP | Donald Trump arrived in Buenos Aires late Thursday for the G20 meeting and crunch trade talks with Chinese counterpart Xi Jinping

The president's remarks come after relations between Russia and Ukraine intensified on Sunday, when Russian border guards fired upon three Ukrainian ships and captured 24 of their men as they were sailing through the Kerch Strait, near Crimea, which is the only outlet for Ukrainian vessels to the Black Sea. But the Kremlin said the meeting was on for Saturday.

"China has sent a clear signal to oppose protectionism and back the multilateral trading system, which will facilitate an open world economy", Mr Ruan said.

US President Donald Trump and China's President Xi Jinping are scheduled to dine together on Saturday at the end of the G20 meeting in Buenos Aires, probably the last opportunity to avert an escalation of trade hostilities that are slowing China's economy and starting to have repercussions in the US as well.

The Trump administration argues that China is engaging in unfair trade practices, including intellectual property theft and forced technology transfers.

The Trump administration has imposed tariffs on more than Dollars 250 billion worth of Chinese imports.

"Argentine president Mauricio Macri, the summit's host, has lowered expectations".

"If we do not show concrete progress, our global meetings become useless and even counterproductive", he said.

On Wednesday, US Trade Representative Robert Lighthizer slammed Beijing for failing to offer "meaningful reform" on aggressive trade policies, and threatened tariffs on Chinese autos.

World leaders have begun arriving in Argentina for a summit of the globe's largest economies.

California's deadliest wildfire fully contained
Crews are sifting through ash and debris looking for human remains while also trying to fix power, telephone and gas utilities. Some 4,000 firefighters from throughout the state and the West battled the flames at the height of the fire.

Among a wide range of issues on the table for the gathering of leaders of G-20 countries, the 13th since the first one took place in 2008 in response to the global financial crisis, global trade will be in the spotlight.

An indication of how ill-equipped the Trump administration is to meet this moment is its gross miscalculation in starting the trade war with China.

France fears that Mr Trump will block or eclipse any progress at the G20.

He reportedly will be in Buenos Aires from November 29 to December 1. Trump now has an ally on that issue in Brazil's incoming, far-right president Jair Bolsonaro, their scepticism defying scientists' increasingly urgent warnings that the planetary threat is real and needs policy redress now.

Modi said India's contribution to global economic growth and prosperity underlined its commitment to 'Building Consensus for Fair and Sustainable Development', which is the theme of the summit.

"Now I think it's really been stripped bare", he said, adding there was an opening for a leader like Macron or Canada's Justin Trudeau to make a splash in Argentina by standing up for liberal values. "We have briefed the Prime Minister's Office on the current state of play the World Trade Organization where multiple challenges to India's subsidy program have been launched by U.S. authorities even as it spearheads efforts to deny a permanent solution to the question of public stockholding of foodgrains", a Commerce Department official said.

"If we don't make a deal, then I'm going to put the $267 billion additional on" Chinese goods at rates of 10 percent or 25 percent, Mr. Trump said in an interview this week with The Wall Street Journal.

Prime Minister Narendra Modi met UN Secretary-General Antonio Guterres on Thursday, on the sidelines of the G20 summit in Buenos Aires, Argentina, to discuss India's role in addressing the issue of climate change globally.

Britain and Argentina went to war over the Falkland/Malvinas islands in 1982, and May will be the first British leader to visit the Argentine capital.

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