USA confirms Trump-Putin G20 meeting, Morrison hopeful for his turn

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In Moscow, Kremlin spokesman Dmitry Peskov had said prior to Trump's Twitter announcement that even if it may be "impossible" to agree on all issues, "we need to talk" for the sake of global stability. GM makes the Buick Envision in China, but so far this year has shipped fewer than 25,000 of the SUVs to the United States.

Mr. Trump is set to meet with his Chinese counterpart, Xi Jinping, on Friday and Saturday during the summit in Buenos Aires, which involves finance ministers and other top officials from 20 of the world's largest economies.

While departing for the G20 summit on Thursday, Trump told reporters that although he was open to making a trade deal with China when he meets with Xi, he wasn't convinced that he should give up the tariffs.

A 25 percent duty on imported light trucks was applied in the 1960s by President Lyndon Johnson in retaliation to West German tariffs on USA poultry.

Ford's CEO said metal tariffs cost the automaker $1 billion in profits, and BMW cut its profit forecast, citing the trade war with China as a primary reason.

In an interview with the Wall Street Journal ahead of his meeting with Chinese President Xi Jinping in Argentina at the weekend, he said it was "highly unlikely" he would accept China's request to hold off on the increase, due to take effect on Jan 1.

Trump already has imposed steep punitive tariffs on about half of the Chinese goods imported into the U.S. market each year, and has threatened to target the remaining $267 billion as well - which would hit Apple iPhones and laptops produced in China.

A decade on, that unity has vanished as the "America First" Trump shreds the consensus underpinning worldwide trade and other G20 countries such as Brazil, Italy and Mexico turn to populist leaders. So I don't know.

Lighthizer called China's policies on auto tariffs "egregious" and said China's tariff on US automobile imports is 40%, compared to the USA tariff on Chinese auto imports of 27.5%.

New Tariffs Could Hit Laptops, iPhones, Trump Says

Reports suggest that the United States government and China are close to closing a deal which could help reverse ZTE's failing fortunes.

The tariffs were first imposed in September.

Aninda Mitra, senior sovereign analyst at BNY Mellon Investment Management, wrote in a note this week that the odds of a Sino-US deal versus no deal on trade tariffs was "about 50:50 in the market's view".

Economic troubles could spread much further if Trump goes through on a threat to impose auto tariffs on trading partners including Europe and Japan, the International Monetary Fund warned in a pre-G20 report.

"We believe it is an initiative that promotes the development and growth of China's ties with other countries", he said.

Trump thinks his tariffs are paid by exporters, referring to the money "pouring into our treasury right now".

"Now I think it's really been stripped bare", he said, adding there was an opening for a leader like Macron or Canada's Justin Trudeau to make a splash in Argentina by standing up for liberal values.

"This just presents enormous challenges as the US government seeks to move further on its objectives - whether that's North Korea, whether that's Iran, whether that's a variety of issues", she said. "Extremely grateful to the Indian community for the memorable welcome in Argentina", the PM said in another tweet as hundreds of Indians gathered to greet him.

Additionally, Trump said that he expects to boost tariffs on $200 billion of Chinese products to 25 percent in January.

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The boat's passengers, in a party mood halfway through their journey, likely panicked when the vessel started to sink, he said. Some of the boat cruise passengers were singers Iryn Namubiru and The Mith of the group Klear Kut.