U.S.-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a “hard deadline” after a week of seeming confusion among President Donald Trump and his advisers.
China's president on Sunday signed new trade deals with Argentina as the Asian giant expands its growing role in Latin American economies. Presidents Mauricio Macri of Argentina and Xi Jinping of China announced the more than 30 agriculture and investment deals during a state visit following the Group of 20 summit of leaders in Buenos Aires.
Oil prices surged in early trading on Monday after the United States and China agreed on a truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut.
US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says. The two men met in Buenos Aires after the G20 summit for their first talks since a trade war erupted this year.
By Scott Squires (*)“This article was originally published on the Argentina newsletter The Essential, by The Bubble News Inc. on November 29, 2018”. Ahead of any diplomatic summit, staffers, organizers and aides put in the countless hours of thankless grunt work necessary to make international diplomacy happen.
With international tensions on trade set to come to a head at the Group of 20 Leaders Summit next weekend, Argentina is hoping to find agreement on improving global stability, even if deep disagreements remain. Foreign Minister Jorge Faurie said the November 30-December 1 meeting in Buenos Aires should stress the importance of trade itself, at a time that the former consensus against protectionism breaks down.
U.S. President Donald Trump and Chinese President Xi Jinping both expressed optimism on Thursday about resolving their bitter trade disputes ahead of a high-stakes meeting planned for the two leaders at the end of November in Argentina.