Trump, Xi trade war dinner went 'very well': White House adviser

US China agree to trade war ceasefire

It was Trump´s second cancellation of the summit after he snubbed Russian President Vladimir Putin in Buenos Aires, citing Russia´s recent naval skirmish with Ukraine, and he has also downgraded meetings with other G20 leaders to make them less formal.

"My relationship is very special, the relationship that I have with President Xi", Trump said as the two men were seated.

Trump and Xi, who were in the Argentinian capital over the last two days for a summit of G20 countries, had gone into the meeting in a bid to pull the world's top two economies from the brink of a full-fledged trade war.

If he can not get a deal with Xi, he has vowed to more than double most of those tariffs on January 1 and he has threatened to expand tariffs to virtually everything China ships to the US.

Observers feared that if no progress was made at the Trump-Xi dinner, the US president would make good on his threat to double the amount of Chinese goods facing punitive taxes, and escalate tariffs to a 25 percent level at the start of the new year. It is unclear whether the transaction could be revived even with China's acquiescence. If not, the $200 billion in planned tariffs will go into effect.

"We´re working very hard".

At the table, Trump announced his plane would fly to Houston, in the state of Texas, after the return of Air Force One from Argentina, to transport Bush's casket to Washington. "The system is now falling short of its objectives and there is room for improvement", the declaration added, calling for further reform of the World Trade Organization (WTO). "And we'll see", the president said.

In May, US Secretary of the Treasury Steven Mnuchin declared the trade war "on hold" after Beijing agreed to increase its purchases of US soybeans and liquefied natural gas - a move that could have put a dent in China's massive trade surplus with the US.

Xi has in turn cast himself as a defender of stable global capitalism, a startling transformation for the leader of a communist state whose entry into the World Trade Organization less than two decades ago was controversial.

Another North Korean soldier defects to South
There is a passenger coach, a sleeping coach, an office coach and a wagon loaded with water for showers and laundry. Seoul took 55,000 liters (14,529 gallons) of diesel, a UN-sanctioned item, to the North for the journey.

The statement also omitted pledges by the G20 to fight protectionism and uphold multilateral trading rules, which used to be a mainstay of the world´s leading economies pre-Trump.

"China will continue to deepen market-oriented reform, protect property rights and intellectual property rights, encourage fair competition and do more to expand imports", he said.

The United States and China are locked in a dispute over their trade imbalance and Beijing's tech policies.

"Should there be any other aspirations, such as taking advantage of the trade spat to throttle Chinese growth, then an agreement is unlikely to be reached", the newspaper said in an editorial Friday.

Both sides certainly came prepared for serious discussion. "The US should give its habitual winner-take-all approach to worldwide relations the weekend off", it said.

Trump has thrown out the traditional USA playbook on free trade since his shock 2016 election, vowing to protect forgotten workers and demanding a renegotiation of the North American Free Trade Agreement with Canada and Mexico.

But it said the "United States reiterates its decision to withdraw from the Paris Agreement", mirroring the divergence seen previous year when Trump shocked the global community by bucking the consensus at his first G20.

Media captionSo how does a G20 summit work? The statement papered over deep division between member nations, including Mr. Trump's opposition to the Paris climate accord.


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