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Trump to discuss trade war with Xi Jinping at G20 summit

Trump to discuss trade war with Xi Jinping at G20 summit

Speaking at the Center for Strategic and International Studies, Navarro said that "globalist billionaires" from Wall Street banks and hedge funds were "unregistered foreign agents" acting as part of a "Chinese influence operation" attempting to pressure President Donald Trump into cutting a trade deal with China. He said the list of 142 items was "pretty complete" but "there are four or five big things left off". 1 meetings at the Group of 20 summit in Buenos Aires.

"The president's attitude is, we want to make sure they know where we stand, what we are prepared to do, so they can come to Argentina with concrete proposals that address not just the trade deficit that we face..." "They sent a list of things that they are willing to do". "But at some point I think that, we are doing extremely well with respect to China".

USA stocks erased losses as Trump spoke, with investors looking for any sign that the White House will cool trade tensions with the world's second-largest economy. Equity markets have reacted swiftly to any trade-related headlines in recent days as the threat of more tariffs on Chinese goods looms. In September, Trump added tariffs to another $200 billion of imports, to which Beijing retaliated by adding levies to a further $60 billion of USA goods. "China would like to make a deal".

President Donald Trump could also change his mind at any time about Navarro's role.

Trump has also threatened to impose tariffs on all remaining Chinese imports, about US$267 billion worth, if Beijing fails to address USA demands.

Donald Trump: Reporters like CNN's Jim Acosta 'Bad for the Country'
After the incident, Donald Trump later stated that journalists might be barred if they were not "respectful". CNN has some 50 other employees who still have White House passes, the president's lawyers said .

The top USA trade official, Robert Lighthizer, who is seen as one of the more strident trade hawks in the White House, has told industry executives that the next round of tariffs on China is "already on hold", according to a source cited by The Financial Times on Thursday.

The tariff rate on US$200 billion worth of Chinese goods is set to increase to 25 per cent from 10 per cent on January 1.

The president's comments signal the large gap that still remains between the two sides. "He was freelancing and he's not representing the president or the administration".

Despite the tensions, neither official is expected to leave the administration soon, said the source, who declined to be named. As a result, administration officials have said they would insist on demonstrable and tangible actions by Beijing before engaging in any talks.

When asked by a reporter from Voice of America about Taiwan, Pence repeated earlier statements that Taiwan's embrace of democracy provides a better path for all Chinese people to follow, while emphasizing that the US would stand by its obligations to the island country, without specifically mentioning any particular agreement or treaty, reports Liberty Times.


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