Kudlow: White House and China are holding trade talks "at all levels" ahead of Trump-Xi meeting Jacob Pramuk Reblog The U.S. and China have re-engaged in trade talks ahead of a meeting between President Donald Trump and Chinese President Xi Jinping at the G-20 summit in Argentina this week.
Trump will also have a working dinner with Chinese President Xi Jinping, press secretary Sarah Huckabee Sanders said at a press briefing, in reference to what will be the first meeting between the two leaders since Washington and Beijing slapped tit-for-tat tariffs on each other's imports. Trump is considering whether to put tariffs on another $267 billion in Chinese goods if the talks do not go well.
Economic adviser 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". CGTN's Jessica Stone unraveled this in a report. "What's happening in the Sea of Azov is serious", said Francois Heisbourg, special adviser at the Foundation for Strategic Research in Paris.
The meeting between Trump and Putin is set to be just one of several high-profile foreign-policy engagements for the US leader on the whirlwind two-day visit to Argentina.
The U.S. comes into the G20 strong, while China has been weakened, Kudlow communicated.
At the same time, the Trump-Xi summit is still shrouded in secrecy despite its importance.
Robert Lighthizer, U.S. Trade Representative on Wednesday said that he was investigating every available tools to improve U.S. tariffs on Chinese vehicles to the 40 percent duties that China is now charging on U.S. produced vehicles.
Argentine President Mauricio Macri kicked off the summit by acknowledging divisions within the G-20 while urging world leaders to have a "sense of urgency" and take actions "based on shared interests".More news: House Democratic priorities in new Congress: Trump tax returns and tackling corruption
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"As this is a hard moment for worldwide cooperation, I would like to appeal to the leaders to use this summit to seriously discuss real issues such as trade wars, the tragic situation in Syria and Yemen and the Russian aggression in Ukraine", European Council President Donald Tusk told a news conference in Buenos Aires.
However, Moscow said US domestic politics may have been the real reason behind the cancellation.
Russian Federation and Ukraine have traded blame over the weekend seizure of Ukrainian ships and their crew - which Trump cited in cancelling a much-awaited meeting with Putin at the G-20.
These include, the USA alleges, hacking into US firms' computer networks to steal trade secrets and demanding that American and other foreign companies hand over technology in exchange for access to the Chinese market. However, all eyes are on the Trump-Xi dinner meeting on Saturday, wherein the current trade tension is expected to dominate the proceedings.
Lawrence Lau, a Hong Kong scholar with close ties to Beijing, said last week that Trump and Xi were likely to agree upon a "truce" to the trade war that may come in the form of a "framework agreement" with details to be worked out later. Trump argues that the massive balance of trade in China's favour is not sustainable for the American economy.
Bolton said Trump will have bilateral meetings with South Korean President Moon Jae In and Turkish President Recep Tayyip Erdogan, as well.
One bright spot in Buenos Aires on Friday before the summit opened was the signing of a revised U.S. -Mexico-Canada trade pact to replace the North American Free Trade Agreement.
"The last summits have been somewhat disappointing and marked by contention, particularly over trade-related issues".