Donald Trump Hopeful of G20 U.S.-China Trade Deal

Donald Trump Hopeful of G20 U.S.-China Trade Deal

Donald Trump Hopeful of G20 U.S.-China Trade Deal

Trump spent Friday in Argentina meeting with Group of 20 counterparts, projecting optimism that his "big meeting" with Xi will be fruitful, saying early in the day that he sees "some good signs" as his staff continue to negotiate with Chinese officials.

G20 powers are set to open two days of summit talks in crisis-hit Argentina on November 30 after a stormy build-up dominated by US President Donald Trump's consensus-bucking crusade to realign world trade.

On Friday, Xi and leaders from the BRICS group of leading emerging economies - Brazil, Russia, India, China and South Africa - called in a statement for open global trade and a strengthening of the WTO.

The US metals tariffs have caused a storm because they are based on what Washington says are national security concerns, which makes them exempt from WTO rules.

Among the other leaders that PM Modi met through the day were Trump with whom he shook hands, Russian President Vladimir Putin, Dutch PM Mark Rutte and UK PM Theresa May.

It's unlikely the two countries will reach a full-blown resolution in Buenos Aires; the issues that divide them are just too hard.

On migration, the US negotiator said too much talk about migration would have been a "deal-breaker" for Trump, the European officials said.

China and Russian Federation, he said, should work together to strengthen the alignment of the Belt and Road Initiative and the Eurasian Economic Union, and deepen cooperation in trade, finance, energy, technology and other sectors as well as at sub-national levels.

The Group of 20 is an worldwide forum that brings together the world's 20 leading industrialized and emerging economies.

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

President Trump has repeatedly ripped into the WTO and has threatened to pull the USA out of the organization, as he has done with the Paris climate accord and the Iran nuclear deal.

European officials said the draft document included a reference to climate change, which has proved a sticking point in the past with the current USA administration.

But U.S. Treasury Secretary Steven Mnuchin has refrained from officially designating the nation as a manipulator.

The officials spoke on condition of anonymity to discuss the closed-door negotiations.

Asked about the European concerns, a US official said progress was being made on the joint statement and the White House was "optimistic" about the document as a whole.

USA stocks closed slightly higher on Friday on market hopes that a compromise could be reached by the two leaders.

"I know you've done a fantastic job in a very short period of time".

Mr Faurie said the final communique does not require the signature of presidents.

The G20 Summit offered Mr Morrison a final opportunity to take soundings with world leaders on his review of the position of Australia's embassy in Israel and whether it should be shifted to Jerusalem, as the Trump administration is doing.

The pair discussed trade, co-operation in the Pacific, and the security situations in Iran and North Korea. He said the European Union is expected to extend sanctions on Moscow over its "totally unacceptable" seizure of Ukrainian ships and their crews near the Crimean Peninsula.

"Just getting to know each other and so far so good, I think it's going to be a great relationship", Trump said in the meeting in Buenos Aires.

Mr Putin and Saudi Crown Prince Mohammed bin Salman, whom the Central Intelligence Agency reportedly concluded had ordered the killing of Saudi journalist Jamal Khashoggi in Turkey, shared a hearty handshake as they laughed and smiled together.

The G20 brought another first Mr Morrison, through his introduction to French President Emmanuel Macron.

There are also questions about how to handle the awkward presence of Crown Prince Mohammed bin Salman.

Saudi Arabia has denied that the prince played a role, but United States intelligence agencies concluded he ordered the killing.

While the Trump-Xi meeting took center-stage, many parallel geopolitical dramas were playing out on the meeting's sidelines.

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.

Although the new pact inherits features from the old one, Trump has declared it a victory for the USA workers he claims were cheated by NAFTA and on Friday called it the most "modern and balanced agreement in history".

Yet, underlining that the new deal may not be quite the game-changer he professes, the signing will be executed by senior trade negotiators from the three countries rather than their leaders attending the G20.

Faurie, the Argentine foreign minister, said the recent establishment of more flights to the disputed islands was a positive development.

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