Trump on China: 'I like the deal we have now'

Friday, 30 Nov, 2018

"We are very close to doing something with China, but I don't know that I want to do it", Trump said, adding: "I like the deal we have now".

G20 sources said climate change was emerging as the biggest stumbling block to agreement on a communique in Buenos Aires. There will be one-on-one meetings with allies such as Japanese Prime Minister Shinzo Abe and South Korean President Moon Jae-in as Trump looks to build a unified front against North Korea.

The Saudi crown prince, Mohammed bin Salman, has been accused by Human Rights Watch of war crimes in Yemen and responsibility for the gruesome slaying of newspaper columnist Jamal Khashoggi inside the Saudi consulate in Istanbul last month.

Mr Kapadia said that was because the USA economy appears to be strengthening while Chinese President Xi Jinping "is under pressure as China is reportedly slowing". In recent years, the Kingdom of Saudi Arabia has been a valuable partner and India's relationship has expanded beyond the Indian community to issues related to the economy, energy and security.

UN Secretary-General Antonio Guterres said Ukraine's territorial integrity should be respected and added: "I hope that escalation can be contained".

Noting that China is "one of the major players in the worldwide arena" and Argentina is "a medium-sized nation" and "an emerging economy", he said "this honest exchange benefits us both". Then, useful, constructive things over time can get done. A Honda executive at the September hearing testified tariffs are hurting the entire auto supply chain, calling the business environment in the USA "unsettling".

Trump - and especially officials in his administration - have tried traditional diplomatic strategies.

"Height Capital Markets Vice President Clayton Allen's most recent note on the G-20 tells clients he believes the President is willing to negotiate now more than at any other period in the trade dispute despite recent threats from Trump to escalate it. Allen calls it one of Trump's negotiating tactics, "...the use of last-minute threats as a way to ramp up pressure immediately before a meeting". "I think it's in President Trump's interest to have this meeting be viewed as a success".

Scott Lincicome, a trade attorney and adjunct scholar at the free-market Cato Institute in Washington, D.C., told the publication that "even a modest deal with China would give Trump an immediate victory, give markets a bounce and farmers would rejoice that their lives are not being totally ruined".

Trump relishes the one-on-one dynamics with other world leaders. I'm open to making a deal. Larry Kudlow, the top White House economic adviser, this week also told reporters that Trump needed Xi to offer more at his meeting for a breakthrough. "I think China wants to make a deal".

When Trump sits down for dinner with Xi, trade will be on the menu.

French President Emmanuel Macron warned against the risk of "a tete-a-tete between China and the United States and of a destructive trade war for all" ahead of the summit, in an interview with Argentine daily La Nacion. Chris Coons, who serves on the Foreign Relations Committee.

Pompeo would support President Donald Trump's participation in the G20 summit in Buenos Aires, according to a statement issued by the State Department.

But messages from the opposition party ahead of the summit have been mixed.

Later in the day U.S. Trade Representative Robert Lighthizer announced that Trump had ordered a separate review of China's 40 percent tariff on auto imports from the U.S., 25 percentage points of which is the result of Chinese retaliation against Trump's own tariffs on imports from China.

"Backing off on China for some quick handshake agreement, without substantive, real, deep commitments will be seen as a victory by no one", Schumer said Wednesday.