g20 set to open in argentina with global trade concerns in focus
Last Updated : GMT 07:25:12
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 07:25:12
Arab Today, arab today

G20 set to open in Argentina with global trade concerns in focus

Arab Today, arab today

Arab Today, arab today G20 set to open in Argentina with global trade concerns in focus

US President Donald Trump
Buenos Aires - DPA

World leaders are set to open a two-day Group of 20 summit in Argentina on Friday, with global trade concerns set to dominate, while the flare up in Russia-Ukraine tensions and the fallout from the murder of Saudi dissident Jamal Khashoggi are also likely to feature.

While there have been some signs that Chinese and US delegations could reach a ceasefire on trade, there are growing worries that President Donald Trump and President Xi Jinping will not be able to make a breakthrough at their highly-anticipated meeting at the summit.

Before departing Washington on Thursday, Trump said he was "very close" to reaching a deal with China but added "I don't know that I want to do it because what we have right now is billions and billions of dollars coming into the United States in the form of tariffs or taxes."

Trump said China "wants to make a deal," and was open to one, but said he liked "the deal we have right now."

The US began hiking tariffs on Chinese goods earlier this year and Beijing has responded in a tit-for-tat fashion, sparking tensions that a full trade war could erupt.

Trump has already threatened to further increase tariffs on some 200 billion dollars worth of Chinese goods.

Ottawa meanwhile confirmed the new trade deal between Canada, the US and Mexico would be signed in Buenos Aires on Friday. However the United States-Mexico-Canada Agreement (USMCA) will still need ratification from each country's legislative body.

Following the G7 summit in Canada in June, Trump triggered a war of words with Prime Minister Justin Trudeau, calling him "dishonest," and withdrawing support for a joint G7 communique, after the Canadian leader vowed retaliation for US tariffs on steel and aluminium.

The recent flare up of tensions between Ukraine and Russia is also likely to loom large at the summit, with Trump abruptly cancelling a planned meeting with Russian President Vladimir Putin on his way to the summit.

"Based on the fact that the ships and sailors have not been returned to Ukraine from Russia, I have decided it would be best for all parties concerned to cancel my previously scheduled meeting ... in Argentina with President Vladimir Putin," he tweeted from Air Force One.

On Sunday, Russia seized three Ukrainian naval vessels off the Crimea Peninsula, a territory it annexed from Ukraine in 2014.

Saudi Arabia's Crown Prince Mohammed bin Salman is also attending the summit, though it remains to be seen how warmly he will be welcomed by other leaders following the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul last month.

The crown prince is suspected of ordering the October killing of Khashoggi in the Saudi consulate in Istanbul. Saudi Arabia has denied the charges and the White House says there is no smoking gun tying the crown prince to the murder.

When asked about why he had no plans to meet the crown prince in Buenos Aires, Trump said before boarding his plane he would have been happy to meet him but did not have time.

"I would have met with him but we didn’t set that one up," he said.

Representatives of the G20 nations, who make up more than 80 per cent of the world's economy and global trade, have already been working this week on a joint statement to close the summit, in the hopes all sides can agree on wording.

The language on open and fair trade in any final statement will be closely watched.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

g20 set to open in argentina with global trade concerns in focus g20 set to open in argentina with global trade concerns in focus

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

g20 set to open in argentina with global trade concerns in focus g20 set to open in argentina with global trade concerns in focus

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 14:52 2018 Friday ,14 December

Michel Aoun meets Rahi in Baabda

GMT 13:02 2018 Tuesday ,04 December

French PM puts fuel tax hike on hold after protests

GMT 08:01 2017 Thursday ,28 December

Mohamed Shaker renewed his father’s song

GMT 19:37 2018 Friday ,26 October

Saudi Arabia set for series of privatizations

GMT 03:33 2017 Monday ,29 May

Lindsay Lohan wishes Muslims a happy Ramadan

GMT 06:49 2018 Tuesday ,23 January

Louvre Abu Dhabi replaces Gulf map that omitted Qatar

GMT 04:15 2018 Tuesday ,23 January

Kurds invited to join Syria peace

GMT 01:15 2018 Thursday ,11 January

Mosul's old heart in ruins six months after IS ousted

GMT 09:51 2017 Tuesday ,07 November

Broadcom makes $130 bn mega-bid

GMT 18:13 2018 Friday ,16 November

Lebanese President Receives World Bank Delegation

GMT 07:54 2018 Tuesday ,04 December

Eurozone finance ministers agree reforms

GMT 09:00 2018 Wednesday ,12 December

May tours Europe in desperate bid to save Brexit deal

GMT 13:20 2018 Wednesday ,03 October

Alessandra Ambrosio in Dubai for World of Fashion

GMT 10:13 2018 Monday ,08 January

Important Tips for Choosing Furniture for your Home

GMT 05:40 2018 Tuesday ,16 January

Dutch millers get fresh wind in their sails
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday