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TRADE WARS
Trump to discuss trade war with Xi at G20 summit
by Staff Writers
Washington (AFP) Nov 13, 2018

US President Donald Trump and Chinese President Xi Jinping will discuss trade on the sidelines of a Group of 20 summit in Argentina this month, a senior US official said Tuesday.

Top White House economic aide Larry Kudlow said the high-level efforts continue to resolve the US-China trade war, and follow Trump's recent telephone call with Xi.

"Right now we're having communications at all levels of US and Chinese government," Kudlow told CNBC.

"We now know that we will in fact discuss trade at the G20 meeting in Argentina. We didn't know that before but that's a certainty."

Trump is due to arrive in Buenos Aires on November 29 for the G20 summit, which will give him the opportunity for face-to-face meetings to ease the trade tensions.

Major US corporations say they are raising prices and face higher costs due to the trade war, in which Washington has imposed steep import duties on more than $250 billion in Chinese goods. China hit back with tariffs on $110 billion in US goods.

Duty rates on a $200 billion in imports are due to rise to 25 percent from the current 10 percent, and Trump also is threatening to impose tariffs on another $267 billion of additional Chinese goods.


Related Links
Global Trade News


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TRADE WARS
China-backed trade deal centre stage at summit as US retreats
Singapore (AFP) Nov 11, 2018
World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda. China, Japan, India and other Asia-Pacific countries could announce a broad agreement on the Regional Comprehensive Economic Partnership (RCEP), which covers half the world's population, on the sidelines of the annual gathering. Not only is the US absent from the deal, but Trump is skippin ... read more

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