Published: Sat, December 01, 2018
Finance | By Jaime Brady

G20 Summit Opens In Argentina Amid Ukraine Crisis

G20 Summit Opens In Argentina Amid Ukraine Crisis

But while Trump's abrupt decision quashed concerns that the President would repeat his cozy performance alongside Putin during their last meeting in Helsinki, Finland, new allegations by the President's former longtime attorney Michael Cohen revived questions about Trump's financial ties to Russian Federation as he arrived for the worldwide summit. "But, frankly, I like the deal we have right now", the president continued.

The two superpowers have been fighting a trade war, which is threatening to hurt the global economy as billions of dollars of tariffs have been slapped on products.

Adding to the tensions is a new report from the USA trade representative that accused Beijing of stepping up efforts to steal technology.

How are leaders greeting the Saudi Crown Prince?

Saudi Arabia has said the prince had no prior knowledge of the murder.

Turkey says the Crown Prince has requested a meeting with Mr Erdogan at the summit, but others are raising this issue with MBS directly too.

British Prime Minister Theresa May has said she will meet the crown prince and deliver a "very clear" message.

French President Emmanuel Macron told the prince in a separate meeting that Europeans will insist on worldwide experts being part of the investigation into Khashoggi's killing.

Xi has in turn cast himself as a defender of stable global capitalism, a startling transformation for the leader of a communist state whose entry into the World Trade Organization less than two decades ago was controversial.

Prince Mohammed appears to be enjoying a pass from Washington. One French source said Macron was trying to build an anti-Trump front with a separate statement embraced by "progressive countries".

The pair's handshakes and smiles come amid news that the two countries have reportedly reached a pact to cut oil production in December, to help shore up collapsing crude prices. Trump also has threatened that an even larger set of US duties affecting China will go into effect in the New Year.

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So an unorthodox solution emerged: Because of resistance from the Trump administration, an official in the French president's office said the statement may have language that sets the US apart.

However, the US Senate is less enthusiastic about Saudi relations, voting this week to end support for the Saudi coalition in the war in Yemen.

There could also be confrontation between the American and Putin over the escalating confrontation in Ukraine, which caused Trump to cancel a planned meeting with Putin.

However, Russia has suggested USA domestic politics may have been the real reason behind the cancellation. Trump has accused China of unfair trade practices and stealing of intellectual properties.

Making matters look even more bleak for Chairman Xi and the Chinese delegation is the report that White House advisor and Director of the Office of Trade and Manufacturing Policy, Peter Navarro, will be present for the state-level dinner and negotiations between Trump and Xi. Russian news agencies quoted Putin spokesman Dmitry Peskov as saying the cancellation means that Putin will have "a couple more hours" for "useful meetings" with G-20 leaders.

Mrs Merkel's own arrival at the summit has been delayed by a technical fault in her plane. Putin reportedly pulled out a pen and paper to sketch the skirmish in the meeting, Bloomberg reported.

The president has also ignited a trade war with China, and will dine with President Xi Jinping on Saturday after the G20 summit concludes.

Trump aid that there have been positive signs when it comes to reaching an agreement with China.

The United States and China are locked in a dispute over their trade imbalance and Beijing's push to challenge American technological dominance.

However, this was a ceremonial signing.

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