Monday, 17 December, 2018

Trump, Xi trade war dinner went 'very well' - White House advisor

China's Xi Jinping and Argentina's Mauricio Macri also announced more than 30 agriculture and investment deals China's Xi Jinping and Argentina's Mauricio Macri also announced more than 30 agriculture and investment deals
Rhonda Young | 02 December, 2018, 16:00

Xi Jinping and Donald Trump: a beginner's guide to translating Chinese diplomatic speak Xi let his eyes wander up and down the row of American officials as Trump was talking, rather than making sustained eye contact with the US President.

Wang did not give as many details as the White House, but said: "China is willing to increase imports in accordance with the needs of its domestic market and the people's needs, including marketable products from the United States, to gradually ease the imbalance in two-way trade".

White House Press Secretary Sarah Sanders said Trump and Xi had agreed to begin immediate trade negotiations on the stickier points of contention between the two powers, including forced technology transfer and intellectual property protection.

Trump and Xi met Saturday for dinner on the sidelines of the G20 summit in Buenos Aires.

However the USA trade representative, Robert Lighthizer, said he would be surprised if Mr Trump's working dinner with Mr Xi "wasn't a success".

Kourtney Kardashian Is Freezing Her Eggs
In the photo above that Kim posted on Halloween, the caption reads, "I lied. For sure, without you this whole thing would be dead".

"We will probably end up ending up getting something that will be good for China and the United States", Trump said.

President Trump and the other leaders of the Group of 20 agreed Saturday to a joint statement that included support for trade reforms, which was a chief USA objective for the summit.

While Trump leaned forward, his shoulders slumped, his delegation, which included several of the administration's most hawkish officials when it comes to trade and China, sat back in their chairs, hands hidden below the table.

China, in response, had been threatening to impose taxes on an additional 5,000 types of American imports worth about $60 billion. "If at the end of this period of time, the parties are unable to reach an agreement, the 10% tariffs will be raised to 25%", she said.

Xi expressed openness to approving a previously unapproved Qualcomm-NXP deal, should it be presented to him again, it said.

New Zealander describes 'horror' riots in Paris
On Saturday November 17th on the first day of the yellow vest protests there were around 300,000 demonstrators out on the roads. Mr Macron later said there were 5,500 protesters in the capital and about 36,000 in total around the country.

"I think the worst of it is that the conflict between China and the U.S.is again showing the limits of multilateral institutions, in particular the World Trade Organization", Roberto Bouzas, an worldwide relations and economics professor at the Universidad de San Andres, told VOA.

Both sides would exchange ideas on issues of mutual interest and draft a future for the China-U.S. relationship, Xi added.

US companies and consumers are bearing part of the cost of the USA tariffs on China by paying higher prices for goods, and many companies have increased prices of imported goods.

To force China to end its unfair practices, the United States has imposed tariffs on almost $250 billion worth of Chinese goods this year and the levies will be raised to 25 percent from 10 percent on January 1, 2019.

Xi's reaction to Trump's opening remarks, in which the U.S. president expressed confidence that outcome would benefit both countries, was also noteworthy, according to Klein.

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The company has also announced it intends to exit the animal health business due to "planned efficiency and structural measures". Shares in the German drug giant have fallen more than a third this year.

Beyond trade, Washington and Beijing find themselves increasingly entangled on hard-to-resolve issues.

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