G20 members struggle for agreements ahead of Argentina summit
Dec 01, 2018, 01:45
China said it remained hopeful of a deal and, after earlier indicating pessimism, Mr Trump said on Friday: "They want to and we'd like to".
Presidents Donald Trump and Xi Jinping are expected to address what the USA calls China's theft of American technology and IP when they meet Saturday evening at the two-day G20summit in Buenos Aires.
Although Trump said this month that the G20 represented the ideal opportunity to "make a deal with China", should a deal not be reached, the situation could escalate quickly, devastating stock-market returns for the next year.
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On the trade war front, White House economic advisor Larry Kudlow said on Tuesday trade talks between the USA and China have been heating up ahead of the summit. His agenda Friday is expected to include meetings with world leaders, the signing of a revamped trade deal with Canada and Mexico, as well as a number of group activities for the gathering of rich and developing nations.
Kudlow's comments come after Trump reiterated a threat Monday to tack on duties on an additional $267 billion in Chinese exports if a trade deal isn't reached.
White House press secretary Sarah Huckabee Sanders, who had accompanied Trump to the breakfast meeting with Argentina's President Mauricio Macri on Friday morning, said at the end of the meeting that Argentina's views were in line with Trump's regarding China's trade practices.
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.
Washington and Beijing remain at odds on key issues such as USA accusations of intellectual property theft and forced technology transfer, he said.
US tariffs on steel and aluminum remain in place, but a Canadian official said an advantage to signing onto the agreement now is an auto side letter exempting Canada of potential tariffs on exports of up to 2.6 million vehicles - well above current levels.
Cell phones and computers, among China's biggest exports to the United States, have been spared as the administration has sought to minimize the impact on US consumers.
Apple CEO Tim Cook has personally pressed the issue of tariffs with Trump, telling the president that while there are valid concerns about U.S.
"After 2-1/2 days of talks and very short nights, some two-thirds of the paragraphs have been okayed", said a G20 official involved in drafting the communique.
Trump noted that he worked with President Macri's father in the past as a businessman.
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It also now looks as though Mr Putin will meet with President Donald Trump, despite Mr Trump appearing to cancel those plans in a series of tweets 24 hours ago.
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China is now the second-biggest aid donor to the region behind Australia, rising from almost nothing a decade ago. Instead, Papua New Guinean Prime Minister Peter O'Neill - who is the chair - will issue a chairman's statement.
It's obviously tough to gauge at this point, but hard to ignore the idea of Durant and LeBron James teaming up in Los Angeles. Kerr also tried to rule out the narrative that Durant's upcoming 2019 free agency was behind the altercation.
He allegedly emerged on CCTV footage, along with two other militants, escaping from the site of Bukhari's murder on a motorbike. He was involved in several attacks on security forces, atrocities against civilians, and bank robberies in south Kashmir.
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Trump, who is close to McCarthy but also friendly with Jordan, largely stayed on the sidelines in the intraparty House contest. The Cook Political Reports' November 16 tallies for the House races are showing a whopping 7.3% overall lead for Democrats.
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The report was created to inform policy-makers and makes no specific recommendations on how to remedy the problem. Trump's comments on Friday were not all that surprising given the president's past rhetoric on climate change .
Another two deaths occurred in a separate blaze near Malibu , the Woolsey Fire , bringing the casualty count to 44 statewide. This fire has also scorched more than 117,000 acres of Northern California, and destroyed more than 7,000 structures.
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Many drivers see them as emblematic of a presidency disconnected from day-to-day economic difficulties. "I'm very disappointed. But up to 200 people were later seen walking down the street, apparently heading toward the Elysee presidential palace.
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