Trump threatens to cancel Putin meeting amid Russia-Ukraine tensions

AFP | Donald Trump arrived in Buenos Aires late Thursday for the G20 meeting and crunch trade talks with Chinese counterpart Xi Jinping

AFP | Donald Trump arrived in Buenos Aires late Thursday for the G20 meeting and crunch trade talks with Chinese counterpart Xi Jinping

When attending the G-20 meeting of finance ministers in Argentina in July when he was treasurer, Morrison said China must share some of the blame for the trade war because of its unfair practices.

The prime minister said the participants would deliberate on the situation of the global economy and trade, worldwide financial and tax systems, the future of work, women empowerment, infrastructure and sustainable development.

Trump and Chinese Leader Xi Jinping will meet Saturday on the sidelines of a Group of 20 summit in Buenos Aires. My gut is always right.

"The only deal that would really be acceptable to me - other than obviously we have to do something on the theft of intellectual property, right - but the only deal would be China has to open up their country to competition from the United States", Trump said. "If they did make the smartphones in the United States, it would add somewhere between 20 percent to 35 percent more to the final consumer prices of the phones sold to the public", Tim Bajarin, president of Creative Solutions, told CNN Wednesday. A Honda executive at the September hearing testified tariffs are hurting the entire auto supply chain, calling the business environment in the USA "unsettling".

While the U.S. president has indicated a willingness to reach an agreement with Xi, he said in an interview with The Washington Post, "I think that China wants to make a deal very badly", adding that if an agreement isn't reached, "we'll be taking in billions and billions of dollars a month in tariffs, and I'm OK with either one of those two situations".

But the trade tensions are just a part of the picture.

Modi will also meet UN Secretary General Antonio Guterres, Argentinian President Mauricio Macri, Chilean President Sebastian Pinera, along with the prime ministers of Spain, Jamaica, the Netherlands and the president of the European Union and the European Council.

But with a major United Nations meeting on climate change starting next week in Poland straight after the G20, United Nations chief Antonio Guterres said in Buenos Aires that "this is a make-it-or-break-it moment".

Higher auto tariffs on China would have a limited impact.

Pence's actions in East Asia came on the back of an array of other USA moves critiquing China's activities - both in trade and security realms.

Gay Marriages: To be or Not to Be; Taiwan Decides
Tsai has made little progress despite campaigning on a promise of marriage equality in the run-up to elections in 2016. The party held on in two of its other strongholds, however, keeping Tainan in the south and Taoyuan in the north.

In May 2017, Cook said Apple would invest $1 billion to create advanced manufacturing jobs in the U.S.

The Australian dollar lifted slightly to 73.2 USA cents and 57.2 British pence.

In a blow to Australian hopes of any detailed discussion with Mr Trump, the summit will not include a formal bilateral meeting between the US President and Mr Morrison. In September, the White House announced its latest duties on $200 billion of Chinese goods.

This is true for several reasons.

As tends to be the case with nearly everything Trump says, he is a little bit right and a little bit wrong.

Kudlow added that there is a "good possibility" the two countries can reach some sort of trade agreement.

A clear case in point on this is Washington's increasingly open criticism of Xi's signature foreign policy strategy - the Belt and Road Initiative (BRI). According to the Kremlin, the two leaders will discuss Yemen and Syria developments during their meeting on Saturday.

Moreover, China shows no concrete signs that it is willing to pull back from coercively enforcing its sovereignty claims in the East and South China Seas.

European G20 participants are expected to coordinate on the issue together on Friday morning.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc.

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