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G20: Trump and Xi meet amid US-China trade tensions | |
(about 2 hours later) | |
Donald Trump is meeting China's President Xi Jinping after the G20 summit in their first talks since a trade war erupted earlier this year. | |
Mr Trump said he hoped they would reach a deal during their dinner in Buenos Aires to defuse trade disagreements and said he believed Beijing wanted this. | Mr Trump said he hoped they would reach a deal during their dinner in Buenos Aires to defuse trade disagreements and said he believed Beijing wanted this. |
Meanwhile G20 leaders have agreed a joint communiqué for the summit. | Meanwhile G20 leaders have agreed a joint communiqué for the summit. |
It noted divisions over trade but did not criticise protectionist activity, AFP reported. | It noted divisions over trade but did not criticise protectionist activity, AFP reported. |
During President Xi's meeting with his US counterpart, the Chinese leader said co-operation was the best choice for their nations, state news agency Xinhua reports. | |
Mr Trump had earlier said the pair shared a "very special" relationship. "I think that's going to be a very primary reason we'll probably end up getting something good for China and good for the United States." | |
French leader Emmanuel Macron told reporters that the World Trade Organization, the body that regulates trade disputes, needed to be modernised. | French leader Emmanuel Macron told reporters that the World Trade Organization, the body that regulates trade disputes, needed to be modernised. |
A senior US official told Reuters that it was the first time that the G20 had recognised that the WTO was "currently falling short of meeting its objectives" and needed reform. | A senior US official told Reuters that it was the first time that the G20 had recognised that the WTO was "currently falling short of meeting its objectives" and needed reform. |
On Friday Mr Trump briefly met Russian President Vladimir Putin on the sidelines of the G20, a Russian official told Reuters. | On Friday Mr Trump briefly met Russian President Vladimir Putin on the sidelines of the G20, a Russian official told Reuters. |
Earlier the US president said he had postponed a planned press conference "out of respect for the Bush family", following the death of former President George HW Bush, at the age of 94. | Earlier the US president said he had postponed a planned press conference "out of respect for the Bush family", following the death of former President George HW Bush, at the age of 94. |
Earlier on in the summit, emerging economies denounced protectionism. | Earlier on in the summit, emerging economies denounced protectionism. |
Chile's President Sebastián Piñera told the BBC he hoped for a deal to end what he called "this nonsense of a tariff war". | Chile's President Sebastián Piñera told the BBC he hoped for a deal to end what he called "this nonsense of a tariff war". |
However the US trade representative, Robert Lighthizer, said he would be surprised if Mr Trump's working dinner with Mr Xi "wasn't a success". | However the US trade representative, Robert Lighthizer, said he would be surprised if Mr Trump's working dinner with Mr Xi "wasn't a success". |
Meanwhile Wang Xiaolong, director general of the foreign ministry's department of international economic affairs, said "consensus is steadily increasing" but differences remained. | |
Both sides have imposed tariffs on billions of dollars' worth of goods. | Both sides have imposed tariffs on billions of dollars' worth of goods. |
The US has hit $250bn of Chinese goods with tariffs since July, and China has retaliated by imposing duties on $110bn of US products. | The US has hit $250bn of Chinese goods with tariffs since July, and China has retaliated by imposing duties on $110bn of US products. |
Earlier this month the Trump administration accused China of not changing its "unfair" practices. | Earlier this month the Trump administration accused China of not changing its "unfair" practices. |
Beijing meanwhile has accused the US of starting "the largest trade war in economic history". | Beijing meanwhile has accused the US of starting "the largest trade war in economic history". |
US-China trade divisions also meant an Asian economic summit earlier this month was unable to agree a formal leaders' statement for the first time in its history. | US-China trade divisions also meant an Asian economic summit earlier this month was unable to agree a formal leaders' statement for the first time in its history. |
During the Asia-Pacific Economic Cooperation (Apec) summit, Mr Xi took a swipe at the US's America First policy by saying that countries that embraced protectionism were "doomed to failure". | During the Asia-Pacific Economic Cooperation (Apec) summit, Mr Xi took a swipe at the US's America First policy by saying that countries that embraced protectionism were "doomed to failure". |
Ahead of the G20 Mr Trump told US media he expected to go ahead with plans to raise tariffs on $200bn of Chinese goods - first introduced in September - to 25% (up from 10%) starting in January 2019. | Ahead of the G20 Mr Trump told US media he expected to go ahead with plans to raise tariffs on $200bn of Chinese goods - first introduced in September - to 25% (up from 10%) starting in January 2019. |
Mr Trump also said that if talks were unsuccessful, he would carry out a threat to hit the remaining $267bn of annual Chinese exports to the US with tariffs of 10-25%. | Mr Trump also said that if talks were unsuccessful, he would carry out a threat to hit the remaining $267bn of annual Chinese exports to the US with tariffs of 10-25%. |