The grudges to watch as world leaders arrive for stormy G20 summit

Trump’s Chinese Tariffs Target Consumer Electronics, Including Sony and PlayStation

Trump’s Chinese Tariffs Target Consumer Electronics, Including Sony and PlayStation

"I think we're very close to doing something with China but I don't know that I want to do it", Trump told reporters.

The state-run China Daily said Friday that both sides could find a deal in Buenos Aires but warned the United States against pushing too hard on technology, amid U.S. accusations of widespread theft by Beijing.

Trump did add, later in the interview, "Here's the bottom line: We're going to make a great deal with China".

"The basic deal: the United States suspends the scheduled January 1st escalation of tariffs from 10 percent to 25 percent on $200 billion in Chinese goods and [China] lifts barriers to American commodities", Scissors wrote in a blog post.

But, at the same time, he cautioned the US was prepared to forge ahead with the new tariffs in the belief China would fold first.

Trump recently lit into Macron over his suggestion that Europe build up its militaries because the continent can no longer depend on the U.S. Trump also criticized him over French tariffs on U.S. wine and even Macron's approval ratings.

"In terms of economic effects, Chinese export growth will likely weaken in coming months on payback from recent "front-loading", and - unless a deal is reached - over time by some USA substitution to non-Chinese suppliers", Goldman Sachs wrote in a note.

The global economy is at stake when Trump and Xi meet at a high-stakes dinner in Buenos Aires on Saturday.

Kudlow said any agreement must resolve the issues of "fairness and reciprocity" at the heart of the dispute.

Pochettino says Spurs can beat Barcelona and make knockout round
It is a must-win fixture for Tottenham as they seek a place in the knockout stages of the competition. "We will try to play the ideal game". "All is possible in football", the Spurs manager said.

Derek Scissors, a China expert at the American Enterprise Institute, suggested that a middle ground could be reached to avoid an escalation of the conflict.

Sens. John Thune (R-S.D.) and Mike Rounds (R-S.D.) sent a letter to Trump on Thursday stressing the need to pry open the farm export markets.

Trump's remarks came as he prepared to depart for the summit. He declined to say what other USA officials will join Trump in the session.

Mr Trump barreled into the two-day meeting by announcing via Twitter that he was canceling on Putin over Russia's seizure of Ukrainian vessels.

During the final week of talks, Trump punctuated the tensions during a freewheeling news conference on the margins of the United Nations General Assembly: "We don't like their representative very much", he said, an apparent reference to Freeland. "Personally, I'm in favour of transparency and associating the worldwide community in this affair, because the whole world is concerned", he said.

"If the meeting fails to deliver a truce, then the USA will nearly certainly hike tariff rates [on $200bn of existing Chinese goods] in January, and a further expansion in tariffs is quite likely", says Mr Evans-Pritchard.

Additional data due out next week on trade of both goods and services is expected to show a 10-year high in the overall trade deficit, said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

The Prime Minister said he had acted "as a friend and partner of both countries" to encourage them to settle their disagreements at the East Asia Summit in Singapore and the Asia Pacific Economic Co-operation meeting in Port Moresby earlier this month. At the summit he has sought to fashion himself as the anti-Trump - a champion of the Paris climate accord, defender of the postwar system of global trade and crusader against multinational tax evaders.

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