Trump administration to Examine tools to Increase US tariffs on Chinese Autos

A man stands next to a board with the G20 Meeting of Finance Ministers logo in Buenos Aires

Trump administration to Examine tools to Increase US tariffs on Chinese Autos

Before heading for Buenos Aires on Thursday, Trump said he was open to a trade deal with China, but added, "I don't know that I want to do it".

Kudlow: White House and China are holding trade talks "at all levels" ahead of Trump-Xi meeting Jacob Pramuk Reblog The U.S. and China have re-engaged in trade talks ahead of a meeting between President Donald Trump and Chinese President Xi Jinping at the G-20 summit in Argentina this week.

Trump spokeswoman Sarah Sanders indicated that an informal meeting may yet happen. Beijing "ought to" take Trump seriously, as "the policies are not going away", Kudlow added.

US-Russia relations are under huge strain, while Trump is under investigation at home for alleged collusion with Moscow during his 2016 presidential election win.

On the eve of the summit, G20 member nations were still trying to reach agreement on major issues including trade, migration and climate change that in past years have been worked out well in advance.

The meeting between Trump and Putin is set to be just one of several high-profile foreign-policy engagements for the USA leader on the whirlwind two-day visit to Argentina. But he warned that "if things don't work out in this US-China summitmeeting, he will invoke another $267 some odd billion dollars in tariffs". In a speech to lawmakers in Spain, where he is conducting a state visit before attending the summit in Argentina, he said the world is facing "instability, uncertainty and hot topics without precedents in our history".

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National security adviser John Bolton said Trump will also be meeting with German Chancellor Angela Merkel, Japanese Prime Minister Shinzo Abe, Argentine President Mauricio Macri, South Korea's Moon Jae-in and Indian Prime Minister Narendra Modi. It exports growth since the start of the year has already been sluggish. "And we'll see", Trump said.

The heads of the world's two largest economies are set to meet on the sidelines of the G-20 summit in Argentina, where world leaders will convene on Friday and Saturday. After imposing a raft of tariffs on Chinese goods and threatening more to come, the United States president is due to meet with Chinese counterpart Xi Jinping for a working dinner in Buenos Aires.

USA negotiators blocked progress at the Group of 20 summit on managing migration, slowing climate change, and streamlining how world trade is governed, according to European officials involved in the discussions.

"As the President has repeatedly noted, China's aggressive, State-directed industrial policies are causing severe harm to USA workers and manufacturers", Lighthizer said.

"There may be a statement of principles (in Buenos Aires), confirming they will maintain negotiation and communication, but I think it will be hard to reach a comprehensive agreement, because to do that both sides need to make big concessions", he said.

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