Trade ties in G20 summit spotlight

A summit of the world's top economies will open on Friday with leaders struggling over fallout from a US-China trade war that has roiled global markets and bracing for the kind of divisive geopolitical drama that President Donald Trump often brings to the worldwide stage.

President Donald Trump sought to use the summit to make his own trade deals.

He also met Argentinian Senate president Federico Pinedo, Buenos Aires Senator Esteban Bullrich, Santa Fe national deputy Astrid Hummel, and other Argentinian Congress members.

German Chancellor Angela Merkel says she hopes a meeting between the US and Chinese leaders will help resolve trade tensions between the two countries.

One EU official told reporters that the G20 summit's final statement is likely to reflect 19 members supporting the Paris climate accord with the USA stating its opposition to it.

Macron said the crown prince only "took note" of his demands.

"This is the reason we have come together for BRICS" he said. It represents part of a broader push by Trump to separate the US from agreements and obligations that he believes do not serve national interests.

President Macron was quoted by AFP news agency as saying he would refuse to sign a trade deal with South America's Mercosur bloc if Brazilian President-elect Jair Bolsonaro withdrew from the Paris climate accord.

A Chinese official meanwhile said "consensus is steadily increasing" but differences remained.

The two leaders would also agree on a "framework" for further talks, US officials such as Commerce Secretary Wilbur Ross have said publicly.

"We ratify the concern of everyone over climate change".

Merkel told reporters it's important that the talks "hopefully bring solutions, because all of us see that we are affected indirectly when Chinese-American economic relations are not as frictionless as a world order requires".

But China pushed back in talks on steel, South Africa objected to language on trade, Australia didn't want the statement to be too soft on migration and Turkey anxious it would push too far on climate change.

The foreign minister, Chrystia Freeland, said the three countries were "very much on track" to sign on time.

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On climate, the statement notes a recent United Nations report that warned damage from global warming will be much worse than previously feared, and expresses support for an upcoming United Nations climate meeting in Poland meant to nail down how countries will meet promises made in the Paris accord.

There was an implicit contrast in some of the tributes offered at the Buenos Aires summit between Bush and the current White House occupant, Donald Trump, whose disruptive brand of diplomacy has stoked the deepest divisions in the G20´s 10-year history.

Apart from the main agenda, which focuses on sustainable food culture, the future of work and infrastructure for development, there are several other trends and events to watch out for.

Trump is right that people in the US like their American-made light trucks, though that is in fact one of the main reasons for GM closing the factories it's closing. -China trade dispute to the conflict over Ukraine.

Russian Federation and Ukraine have traded blame over the incident - which Trump cited in canceling a much-awaited meeting with Putin at the G20.

"I will inevitably have the opportunity to discuss it with the Saudi Crown Prince on the sidelines of the G-20", Mr Macron said at a joint press conference in Buenos Aires on Thursday.

Bin Salman told Macron not to worry, but Macron countered, "I am anxious".

USA intelligence agencies concluded that the Saudi prince ordered the journalist's killing, which Saudi Arabia denies.

Trump imposed tariffs on steel and aluminium imports into the United States earlier this year. He also held a series of formal and informal meetings and will continue those sit-downs Saturday, including with German Chancellor Angela Merkel.

It must still be ratified by lawmakers in all three countries, and passage in the USA could face a tough road in the House of Representatives after Democrats won a majority in November midterm elections.

Investors and the key U.S. trading partners agree that one of the main problems of the economic relationship lies in China's closed economy.

"These agreements are massive, and a vast number of technical details need to be scrubbed and wrapped up", she said.

Trump is set to meet with Chinese President Xi Jinping at the G20 summit this week in Buenos Aires, Argentina amidst the intensifying trade war between the world's two largest economies. The only other prime minister to visit the country was Tony Blair, who went to Puerto Iguazu in 2001. The two countries have always been at odds over the South Atlantic islands known as the Falklands in Britain and the Malvinas in Argentina.

But Human Rights Watch accuses him of responsibility and also of war crimes in Yemen, and on Wednesday, Argentine legal authorities took initial action to consider a request to prosecute him for alleged crimes against humanity.

(Copyright © 2015. All Rights Reserved.)
 
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