ibusinesslines.com December 17, 2018

Trump to meet Erdoğan at G20 summit in Argentina

29 November 2018, 08:13 | Kelvin Horton

Trump may slap tariffs on iPhones: Report, Latest World News

Trump coy on China trade deal before meeting Xi

"At the president's direction, I will examine all available tools to equalize the tariffs applied to automobiles", he said. Trump intends to raise existing tariffs from 10% to 25%, while also looking at other imports that don't now have tariffs imposed on them.

Instead, Lighthizer's statement escalated the dispute further, saying: "China's aggressive, state-directed industrial policies are causing severe harm to U.S. workers and manufacturers".

"If we don't make a deal, then I'm going to put the $267 billion additional on", at a tariff rate of either 10 percent or 25 percent, Trump told the Journal.

In September, the Trump administration announced a 10 percent tariff on $200 billion of Chinese goods, and said the rate will rise to 25 percent on January 1.

US President Donald Trump will have a trilateral meeting with Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe on the sidelines of the G20 summit in Buenos Aires on November 30 and December 1, the White House said on Tuesday.

At a regular news briefing in Beijing on Tuesday, Chinese foreign ministry spokesman Geng Shuang reiterated China's hope that both sides could work towards a "positive outcome" from the meeting between the two leaders, citing a "consensus" they reached during a November 1 telephone call.

He also said it was "highly unlikely" that he would delay raising rates for the $200bn of goods already subjected to tariffs.

President Donald Trump is sending signals that the USA may impose more tariffs on China as he heads to the G-20 meeting in Argentina this week.

President Trump on Tuesday threatened to cancel an upcoming meeting with Russian President Vladimir Putin after the nation fired at Ukrainian naval vessels and seized multiple ships and their crews over the weekend.

Kudlow, known as a staunch advocate for free trade throughout his career, brushed off questions about the damage an escalation of that order could inflict on the United States economy, saying that the USA was in "far better shape to weather this than the Chinese are".

China, while it has imposed retaliatory tariffs of its own on more than US$100b of USA imports, has made some concessions by opening segments of its economy to greater foreign investment and promising wider liberalisation.

Earlier this month, Xi and Trump discussed the US-China trade conflict during a phone conversation that Trump called "very good". "We have an opportunity to extend that optimism, break some new ground", Kudlow said. And that cost would continue after a ceasefire in the current trade war.

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