Trump faces China trade showdown, Russia, Saudi tensions at G-20

Trump faces China trade showdown, Russia, Saudi tensions at G-20

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

Volvo, owned by Chinese carmaker Geely, prepares to relocate most of the production of its best-selling XC60 SUV for export to the USA market away from its Chengdu plant in China to Torslanda in Sweden.

Kudlow also said the dinner with Xi was one of the last events on Trump's itinerary before his return to Washington, increasing the odds that any briefing about the results of the dinner would take place after the United States president's departure from Argentina. CGTN's Jessica Stone unraveled this in a report. "China, not so good", said Kudlow.

Both sides have raised tariffs on billions of dollars of each other's goods in a fight that has rattled the financial markets.

Speaking in Buenos Aires, U.S. Trade Representative Robert Lighthizer said he would be surprised if the dinner was not a success, but it would depend entirely on the two presidents.

The heads of the world's two largest economies are set to meet on the sidelines of the G-20 summit in Argentina, where world leaders will convene on Friday and Saturday.

Washington will tell in its own way its version of the event - a major diplomatic occasion that could affect the world's economic trajectory for years to come - while Beijing is likely to give a brief summary of the first face-to-face meeting between Trump and Xi since the start of the trade war, the source said.

Ushakov said the two presidents also are to discuss regional crises, including the situation in Syria, the Iranian nuclear deal and North Korea.

Former Universities Minister Says PM's Deal "Isn't A Deal"
The DUP's backing of the letter marks a particular blow to Mrs May due to the Northern Irish party propping up her Government. She said the next nine days were an important time for the country, ahead of a December 11 vote in parliament on her deal.

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.

However, Moscow said USA domestic politics may have been the real reason behind the cancellation.

Uncertainty prevailed about how Trump, known for his unpredictability, would behave at what was shaping up as one of the group's most consequential summits.

Resolving the trade dispute requires that "certain conditions have to be met with respect to fairness and reciprocity. intellectual property theft must be solved, forced technology transfers must be solved". Trump's trade war with China has at times roiled stock markets this year amid concerns about broader damage to the USA economy. However, all eyes are on the Trump-Xi dinner meeting on Saturday, wherein the current trade tension is expected to dominate the proceedings. Russian news agencies quoted Putin spokesman Dmitry Peskov as saying the cancellation means Putin will have more time for "useful meetings".

In another bilateral meeting on Friday, French President Emmanuel Macron will discuss the Renault-Nissan alliance's future with Japanese Prime minister Shinzo Abe.

"The last summits have been somewhat disappointing and marked by contention, particularly over trade-related issues".

However, Trudeau took advantage of the signing ceremony to say the partners needed to keep working to lift tariffs on steel and aluminum.

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