Published: Sat, December 01, 2018
Global Media | By Garry Long

Trump drops translation earpiece during G20 meeting with Argentina president

Trump drops translation earpiece during G20 meeting with Argentina president

"I will tell you that I think China wants to make a deal".

Trump is expected to meet with Chinese President Xi Jinping at the Group of 20 summit in Buenos Aires this weekend.

G20 member nations were still struggling to reach agreement on major issues including trade, migration and climate change as world leaders began arriving in Buenos Aires ahead of a summit starting on Friday.

In typical Trump style, the U.S. President said that while he is ready and "open to making a deal", he expects that China is the party most eager for a new trade arrangement.

US companies and consumers are bearing part of the cost of the USA tariffs on China by paying higher prices for goods, and investors have cheered when the prospects for a deal have improved.

The US in 2017 sold China goods and products valued at $130 billion, while Beijing exported $506 billion worth of goods to the US market.

The dinner scheduled for Saturday evening has been cast as a key encounter that could help the two leaders ease the trade tensions, or it could end in stalemate.

"There is some anecdotal evidence that United States importers are likely pulling forward orders to get ahead of additional tariffs on Chinese goods, which could be one of the factors driving imports higher in recent months", said Pooja Sriram, an economist at Barclays.

"Our objective has always been to sign this agreement on November 30, and we are on track to hit that objective", Chrystia Freeland told reporters in Buenos Aires, which is playing host to the annual G20 Summit.

Lack of Khashoggi intelligence forges 'unusual alliance' in the Senate
By ending our participation in this brutal war, we will send an unambiguous message that we won't accept continued bloodshed". And several Republicans, including Corker, emphasized that they would not necessarily vote for the bill the next time around.

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.

China will have to give way on "fairness and reciprocity", he said, warning that USA concerns over intellectual property theft and China's forced technology transfers "must be solved".

USA lawmakers have already indicated they don't expect to tackle the USMCA until after the new Congress is sworn in early next year.

"However, it should be feasible for some kind of agreement to be reached to prevent the dispute worsening if both sides are reasonable", it said.

U.S. President Donald Trump's administration has made clear it does not want to torpedo the longstanding U.S. relationship with Riyadh, however.

AdvertisementBut an analyst warns that moving assembly of Apple's handsets to the US would significantly increase their price.

"We will make a lot of efforts to speed up market access, improve the investment environment and increase protection of intellectual property".

But Height Capital's Allen points out that President Trump celebrates his public persona as a "master dealmaker".

Trump on Tuesday threatened to cancel his planned talks with Putin at the G20 summit, but the Kremlin said it still expected the encounter to go ahead.

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