ibusinesslines.com
ibusinesslines.com December 09, 2018


Xi G20 dinner unlikely to end in joint statement, regardless of outcome

03 December 2018, 10:14 | Kelvin Horton

Trump threatens a 25% tariff on the iPhone and Apple laptops

Mood on Asian stock markets tested by Trump's tariff threats

Trump sees a "good possibility" that the USA and China can reach a deal at the dinner Saturday, Kudlow told reporters later Tuesday.

One bright spot in Buenos Aires on Friday before the summit opened was the signing of a revised U.S. -Mexico-Canada trade pact to replace the North American Free Trade Agreement.

Trade agreements should "move along with the economy", Pena Nieto said. -China trade dispute to the conflict over Ukraine.

Russian Federation and Ukraine have traded blame over the weekend seizure of Ukrainian ships and their crew - which Trump cited in cancelling a much-awaited meeting with Putin at the G-20.

Wall Street extended early losses following Trump's remarks, with the Dow Jones Industrial Average 0.6 percent lower shortly after 1600 GMT (12am Singapore time).

Xi said on Wednesday the global community needs to build consensus to solve the conflict between free trade and protectionism. Russia's foreign minister regretted the cancellation, but said "love can't be forced".

The CIA reportedly has told Trump that Prince Mohammed, who has close ties to the administration, was behind the brutal murder of dissident journalist and U.S. resident Jamal Khashoggi.

Bin Salman told Macron not to worry, but Macron countered, "I am anxious".


Trump is also to meet separately with Russia's Vladimir Putin and the leaders of Argentina, Germany, India, Japan, South Korea and Turkey, White House officials said. Trump's administration, however, has made clear it does not want to torpedo the longstanding USA relationship with Riyadh. Turkish President Recep Tayyip Erdogan, who has been sharply critical of Saudi Arabia over the incident, is also in attendance.

Lawrence Lau, a Hong Kong scholar with close ties to Beijing, said last week that Trump and Xi were likely to agree upon a "truce" to the trade war that may come in the form of a "framework agreement" with details to be worked out later. The U.S. has an average three percent GDP growth over the past year.

President TrumpDonald John TrumpVeterans Affairs Dept says it won't reimburse vets who were underpaid GI Bill benefit payments: report Ex-Clinton spokesman slams Ivanka Trump over defense of private email use: "Nothing short of outrageous" Sinclair defends segment justifying use of tear gas at border as "commentary" MORE early Thursday touted the "billions of dollars" pouring into "the coffers of the United States of America because of the tariffs being charged to China" ahead of his scheduled meeting with his Chinese counterpart, Xi Jinping, at the Group of 20 summit this weekend.

The British Embassy in Argentina said Prime Minister Theresa May's visit would be the first by a United Kingdom prime minister to Argentina's capital. The two countries have always been at odds over the South Atlantic islands known as the Falklands in Britain and the Malvinas in Argentina.

"We are not withdrawing our historic claim", he added.

In downtown Buenos Aires, meanwhile, thousands of demonstrators flooded the 9 de Julio Avenue waving flags and holding up banners.

About 22,000 police officers and other security forces are guarding the leaders during the summit.

Argentine authorities have said they will not tolerate violence or allow the gathering to be disrupted.



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