China hopes for positive results from U.S. talks at G20


Economic advisor Larry Kudlow told a White House press conference that "the president said there is a good possibility that we can make a deal and he is open to it".

"Based on the fact that the ships and sailors have not been returned to Ukraine from Russian Federation, 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.

With a major United Nations meeting on climate change starting next week in Poland straight after the G20, Guterres said "this is a make-it-or-break-it moment".

U.S. stocks fell yesterday amid uncertainty over the outcome of the talks. "That's in the interests not only of our two countries, it's in the interests of the whole world", Kremlin spokesman Dmitry Peskov said in Moscow.

Trump's trade war on China is already well underway, and he is threatening to impose deeper tariffs in January unless Chinese leader Xi Jinping yields when they meet on the G20 sidelines.

China, for its part, is hoping for "positive results" in resolving its trade dispute with the United States, the commerce ministry said yesterday.

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If no deal is reached during that meeting, he intends to impose tariffs of 10% to 20% on all remaining imported goods from China. Latest headlines revive concerns over trade conflict between the USA and China.

But foreign firms in China complain that such promises are all too routine, and analysts doubt that Trump and Xi's dinner will serve up much beyond a commitment to negotiate further. They are opposed by China hawks who include U.S. Trade Representative Robert Lighthizer, National Security adviser John Bolton, many National Security officials, and White House trade adviser Peter Navarro.

"We are in a position to deal with it and handle it very well", he said.

The trade tension between the US and China poses risks for the economy and has already led to higher costs for business, some of which have been passed on to consumers, Federal Reserve officials warned, according to minutes released Thursday from the November 7-8 meeting of the Federal Open Market Committee.

Instead, Lighthizer's statement escalated the dispute further, saying: "China's aggressive, state-directed industrial policies are causing severe harm to U.S. workers and manufacturers".

He said Trump "gets along" with Putin, as he does with the leaders of a number of the G20 countries.

But Trump has repeatedly shown his disdain for worldwide summitry by blocking final communiques at other recent gatherings such as the G7 and the Asia-Pacific bloc APEC.

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By doing so, "within a couple days or a week", Cabrera said, "we would see a much smaller number of people actually claiming asylum".

G20 sources said agreement about the communique in Buenos Aires was hitting trouble on climate change.

Trump didn't elaborate further.

Thomas Wright, a senior fellow at the Brookings Institution in Washington, said "there's a deep division in this G20 now between democracies and authoritarians".

Alongside tighter immigration enforcement, the trade war is central to Trump's "America First!" platform.

Higher auto tariffs on China would have a limited impact.

Britain's "Brexit" separation from the European Union is another threat to global growth, International Monetary Fund chief Christine Lagarde said.

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Police arrested the seven fishermen and charged them with endangering the life of the American by taking him to a prohibited area. Chau was apparently shot and killed by arrows, but the cause of death can't be confirmed until his body is recovered, Mr.