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.

Related:

  • 'Star Wars': Joe Russo Praises Jon Favreau's Visual Approach For 'The Mandalorian'

    'Star Wars': Joe Russo Praises Jon Favreau's Visual Approach For 'The Mandalorian'

    Some may find this casting odd, but it's hard to judge without knowing the type of character Nolte will be playing. Recently, Anthony and Joe Russo visited the set of the upcoming new Disney+ Star Wars series The Mandalorian .
    DJI Announces Super-Tiny Osmo Pocket 3-Axis Stabilized Camera

    DJI Announces Super-Tiny Osmo Pocket 3-Axis Stabilized Camera

    The Osmo Pocket supposedly sports a 1/2.3-inch sensor and shoots 12-megapixel still photos and records video in 4K at 60 fps. The camera can also be operated in a Pro Mode , which allows for manual configuration of ISO, aperture and shutter speed.
    Bayer to sell businesses, cut jobs after Monsanto deal

    Bayer to sell businesses, cut jobs after Monsanto deal

    But the company will also seek partners with experimental medicines that are already close to the market, he said. Bayer shares rose on the news and were up 3 percent in afternoon trading in Frankfurt.
  • Jay-Z Addresses Kanye West and President Trump on Meek Mill's

    Jay-Z Addresses Kanye West and President Trump on Meek Mill's "Wh"

    The rare Tweet also marks the first time the rapper has posted on the social media account since June 2017, prompting a host of fan reactions.
    Sony Information Patent For New Recreation Cartridge For Some Cause

    Sony Information Patent For New Recreation Cartridge For Some Cause

    German tech outlet TechTastic noted that Sony had patented a brand new cartridge format for storing video games. Sony seems to be taking a leaf out of Nintendo's book, with a new patent for a gaming cartridge surfacing.
    Deontay Wilder vs. Tyson Fury fight

    Deontay Wilder vs. Tyson Fury fight

    Actions speak louder than words so come tomorrow I get to release everything that is inside of me. "I'm going to knock him out". Doubts remain about whether the 30-year-old is ready for such a huge fight, but if he loses he can still hold his head high.
  • Warriors praise Durant's 51-point game against Raptors

    Warriors praise Durant's 51-point game against Raptors

    Meanwhile, Draymond Green and Alfonzo McKinnie will also miss Thursday's game (Friday, PHL time) against the Raptors . They'll be playing the second game of a back-to-back after they defeated the depleted Chicago Bulls 107-88 on Friday.
    Nissan Maxima: Refreshed for More V-Motion

    Nissan Maxima: Refreshed for More V-Motion

    LED head- and taillamps are standard, and the rear fascia has been redesigned and is punctuated by quad exhaust tips. The 2019 Murano also adds standard 2nd row supplemental side air bags and front passenger supplemental knee air bag.
    New Nissan Leaf Nismo RC - 322 hp electric race vehicle

    New Nissan Leaf Nismo RC - 322 hp electric race vehicle

    Nissan's second-generation Leaf was introduced for 2018 with a 40-kilowatt-hour lithium-ion battery good for 150 miles. The mechanical setup for the Leaf Nismo RC is very different to what you find in the regular Leaf .
  • Nations League promotion will lift Scotland, says Paul Lambert

    Nations League promotion will lift Scotland, says Paul Lambert

    Basket 5: Macedonia , Kosovo , Belarus, Luxembourg, Armenia, Azerbaijan, Kazakhstan, Moldova, Gibraltar, Faroe Islands. Next summer's inaugural UEFA Nations League Finals will be held in Portugal with the four League A group winners.
    G20 opens Argentina summit under shadow of China-US tensions

    G20 opens Argentina summit under shadow of China-US tensions

    The standoff was the official reason that Trump cancelled his meeting with Putin, calling what's happening in Ukraine "very bad". Trump appeared to avoid Putin for most of the day Friday, breezing past him as world leaders stood for a photo.
    Newcastle fans prepare Ashley protest before West Ham game

    Newcastle fans prepare Ashley protest before West Ham game

    The result has left Newcastle 14th in the Premier League. "It wasn't just one player today. West Ham made a hash of more chances later but eventually found the second goal.

Comments

Latest news

England handed favourable Euro 2020 qualifying draw
Wembley Stadum will host both the semi-finals and final of Euro 2020, as well as three group games and one match in the last 16. As Netherlands and Germany are also Euro 2020 host nations, Ireland were unable to be drawn into the same group as the pair.

Rupees hits historic low ahead of talks with International Monetary Fund
From December 2017, the rupee has devalued against the dollar by nearly 27%. "Yes, IMF conditioned rupee devaluation". This is the sixth round of Pak rupee devaluation since December 2017.

Kourtney Kardashian Reveals She Is Freezing Her Eggs
She shared: "It's important that he's confident in himself, that he knows who he is so that he doesn't have to be proving anything to anyone".

Priyanka Chopra and Nick Jonas To Wed In Stunning Indian Palace
Nick might have wanted to send out an S.O.S. after Priyanka waited a full 45 seconds to say yes to his proposal earlier this year. Priyanka Chopra alarmed him that her team can read those messages and instead, he should contact her on her cellphone.

Israeli police recommend indicting PM for bribery
The country's attorney general will now decide on whether to prosecute, with no announcement expected before the end of next year. It alleged that Netanyahu sought to interfere with content of Bezeq's Walla website "in a way that would benefit him".

Manchester United Eye World Record Replacement For David De Gea
The former Porto, Chelsea, Inter Milan and Real Madrid coach has spent £360m since he replaced Louis van Gaal at United in 2016. Fans on Twitter were livid with McTominay's positioning with many suggesting he was "sniffing the other players' a-rses".

Quentin, Daniella wed in private ceremony
Their reception, at Beverly Hills Chinese restaurant Mr Chow, will be followed by another party later on Thursday. Quentin Tarantino married his fiancée Daniella Pick in an intimate ceremony in Los Angeles, People reports .

Virat Kohli swings the ball like a boss in Australia
India's star opener Prithvi Shaw has given the team a major scare ahead of the first Test against Australia at Adelaide . Overnight batsmen D Arcy Short (74) and Max Bryant (62) played brilliantly before Bryant was out in the 19th over.

2.0 box office collection: Rajinikanth-Akshay Kumar starrer may become a ‘flop’
Also, with Kabali at the fifth spot, Rajinikanth is the only actor to have two of films among the top five openers in 2018. Although the film has declined on Day 2, the biz should gather momentum on Day 3 [Sat] and Day 4 [Sun]...

Paris riots: At least 80 injured as police and protesters violently clash
Security officials were locked inside the Interior Ministry for crisis talks for several hours during the afternoon. Paris Mayor Anne Hidalgo tweeted her "indignation" and "deep sadness", saying that violence is "not acceptable".

Patrick Corbin To Yankees? Brother’s Wedding Gesture Fuels Speculation
The team is looking to acquire multiple starting pitchers, and Corbin might be at the top of their list. Cincinnati went 67-95 in the 2018 season, winning fewer than 70 games for the fourth straight year.

NYPD looking to return engagement ring found in Times Square
Which is great news, except the couple never left any contact information, according to an NYPD spokesperson. They managed to pull the ring out of a utility grate on Saturday morning.

Former US president George H.W. Bush dead at 94
Before getting the keys to the White House, he served eight years as the vice president of Republican icon Ronald Reagan . Former First Lady Barbara Bush died in April, at which time the former president had to bury the love of his life.

Human civilisation may have started in north, not east Africa
No human remains were found, which means scientists can not know what species of hominids were there and used the tools. Until now, the oldest known tools from northern Africa were 1.8 million years old, and were found at a nearby site.

Neil DeGrasse Tyson Under Investigation Over Sexual Misconduct Claims
The producers of Cosmos can do no less in this situation", a statement from the show's producers to EW reads. He allegedly "grabbed" her during a photo op to look at a tattoo running along her arm.

Other news