Markets

Trump says Putin meeting may be off over Ukraine

Trump says Putin meeting may be off over Ukraine

"We have a supremely important relationship", Faurie told Xinhua in a recent interview, describing the bilateral ties "as an extremely rich relationship that reflects the potential today's China has on the global stage". "But we're going to make a deal with China that's going to be representative of the United States the way it used to be".

The US president will shortly follow in Buenos Aires his Chinese counterpart Xi Jinping, with whom he planned to hold talks to try to stop the escalation of customs retaliation between the two countries, which threatens global growth. In each case, the USA agreed not to levy more auto tariffs while the two sides negotiated over specific issues, the report said.

"The China-U.S. summit is just around the corner", Geng said.

Of course, Apple is far from the only US tech company to be potentially affected, though it's certainly among the most high-profile.

The first major casualty of the China-US trade war is getting "back into business, fast" according to the president of the United States.

In a statement Wednesday, U.S. Trade Rep. Robert Lighthizer complained that China slaps 40 percent tariffs on U.S. auto imports - more than the 15 percent tariffs it imposes on other countries and the 27.5 percent U.S. tax on Chinese auto imports. But so far, the deal-making talents he and his aides so often tout have not broken impasses on trade with China and the European Union, nor have they thawed relations with Russian Federation or convinced Putin to play nicer with his neighbors. With Xi's visit, Faurie said, "we hope to continue deepening the honest dialogue".

Economists and critics of the president's trade policies point out duties are paid by importers and thus constitute a tax on USA industry and consumers that is not paid by China.

Additional tariffs on auto imports from China would affect any cars produced in China.

Manchester United players ignoring my instructions - Jose Mourinho
You need that aggression and intensity in the midfield, which, to be honest, we don't have". Frustrating would also aptly describe Victor Lindelof's injury setback.

World leaders began arriving in Argentina ahead of a G20 summit dogged by increasingly strident warnings about the impact on the world economy of threatened USA trade tariffs.

Donald Trump is scheduled to arrive in Buenos Aires on Thursday evening, where more than 20,000 law enforcement personnel are deployed in a country ravaged by the economic crisis, while anti-G20 protests are scheduled.

Aninda Mitra, senior sovereign analyst at BNY Mellon Investment Management, wrote in a note this week that the odds of a Sino-US deal versus no deal on trade tariffs was "about 50:50 in the market's view".

While the Putin meeting now appears off, Trump is still slated to sit down with President Xi Jinping on the G20 margins to press for wholesale reform of the world's second-biggest economy in favor of access for United States companies.

White House spokeswoman Sarah Sanders said, however, that any interaction between the two leaders could not be ruled out.

But Trump has done her no favours by mocking a hard-fought withdrawal agreement negotiated between London and Brussels, and May still has to win backing for the deal from the fractious British parliament.

Asked if China was seeking to prevent the imposition of additional US tariffs at the high-stakes meeting, the ministry's spokesman, Gao Feng, said economic teams from both nations were in contact to implement a "consensus" reached by Trump and Xi during a phone call this month. If no deal is reached during that meeting, he intends to impose tariffs of 10% to 20% on all remaining imported goods from China. "We have an opportunity to extend that optimism, break some new ground", Kudlow said.


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