Protesters take to streets of Buenos Aires during G20 gathering

Posted December 01, 2018

"We discussed multiple aspects of India-Saudi Arabia relations and ways to further boost economic, cultural and energy ties", the prime minister wrote on Twitter. The negotiations are "very, very hard", the official told Reuters.

In less than two years, President Trump has unleashed a trade war with China, launched economic attacks on some of America's closest allies, pushed the global rules-based system to the brink and pulled his country towards the exit.

Argentine's President Mauricio Macri welcomed President Donald Trump Friday morning at the Casa Rosada presidential house in Buenos Aires.

All eyes will be on a planned meeting between Trump and Chinese President Xi Jinping on Saturday to see whether they can find a way to calm the waters and make progress toward resolving differences that threaten the global economy.

With an attitude suggesting the stronger hand in negotiations, Trump stated that with "billions and billions of dollars coming into the United States in the form of tariffs" already imposed on Chinese imports, that he was quite happy with the current trade arrangement.

"If you jack the tariffs up to 25 percent and then others retaliate, the impact could go all the way up to nearly 1 percent", he said.

Russia's President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman greet each other at the G20 Leaders' Summit in Buenos Aires. Those divisions have highlighted the fractures in the grouping.

"I express my heartiest thanks to you (President Xi) for taking out time for this meeting", he said. -China trade dispute to the conflict over Ukraine.

Some of them carried placards reading: "They want war and we won't leave them in peace".

The Kremlin said it "regrets" Trump's decision to scrap the meeting.

The United States has cast talks Saturday with Xi as a deadline for China to cave on key trade concerns of Trump. While China and other countries have dragged the U.S. to the WTO against its move to justify tariff hikes on grounds of national security, the USA has repeatedly stopped efforts to appoint judges to the highest adjudicating body in the WTO and has even suggested evicting China from the WTO as an option.

Mr Trump described the US-Mexico-Canada Agreement (USMCA) - which replaces the Nafta free trade deal - as "probably the greatest trade deal ever".

A slowdown in the global economy will worsen if Trump presses ahead with plans to further increase tariffs on some $200 billion of Chinese imports to 25 percent, OECD Secretary General Angel Gurria told Reuters. China has responded with its own tariffs.

The US president cancelled a formal sit-down with Mr Putin at the summit in Argentina over Moscow's seizure of Ukrainian vessels. Russian news agencies quoted Putin spokesman Dmitry Peskov as saying the cancellation means Putin will have more time for "useful meetings".

Merkel was en route Thursday night on an air force plane, but turned around over the Netherlands after the captain reported a technical problem. "All issues of bilateral and regional interest will be discussed", PMO sources said.