Economy

Eight awkward conversations facing Donald Trump at the G20

Eight awkward conversations facing Donald Trump at the G20

The United States hopes to relaunch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan but Washington will not accept any conditions on tariffs, a senior administration official says.

The two sides have slapped tariffs on hundreds of billions of dollars of each other's imports in the almost year-long trade war, even as they have tried to hammer out a broad trade deal.

Leaders from the world's 20 most eminent economies are gathering in Osaka for the two-day Group of 20 (G-20) summit starting on Friday (June 28).

A senior US official said Monday the meeting will provide Trump the chance to get China's position on the escalating trade war.

The official said Trump and Xi were unlikely to get into the fine details of the draft trade pact, although the case of Chinese tech giant Huawei Technologies Co may come up during talks.

The trade battle between the USA and China, and fears that spiralling tensions with Iran could erupt into conflict are poised to dominate a high-stakes G20 summit from Friday.

China's President Xi Jinping visited North Korea Supreme Leader Kim Jong Un last week and raised hopes for discussing U.S.' stance over North Korea's nuclear program. "China trade talks are quite low, so any signs of an improvement could bode well for risk sentiment", he said.

The president began his battery of meetings with world leaders with a dinner with Australian Prime Minister Scott Morrison Thursday evening.

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This will be the third face-to-face meeting between the two leaders in as many months, but what has always been expected to be a run-of-the-mill summit meeting - during which Mr Abe was due to update Mr Trump on his visit to Iran earlier this month - has taken a turn after Mr Trump again lambasted an alleged imbalance in the US-Japan security treaty.

Ahead of the G20 economic summit in Japan this week, the United States and China have agreed to officially resume trade negotiations with designs on ending a trade conflict that's now into its second year.

Many in Beijing hope the prospect of the 2020 USA election campaign could deter Trump from trade measures that risk upsetting farmers and businesses among his voter base. Protestors chanted "No coal Japan!" while raising a blimp of Abe, urging for more aggressive efforts by the Japanese government to help curb climate change. He said that most of the corporate organizations of the U.S make huge profits from China and due to that they are trying to convince president Trump.

"I want to get along with Russian Federation, and I think we will".

Iran will also loom large after Trump called off a planned military strike but then imposed sanctions against its supreme leader Ayatollah Ali Khamenei and threatened the country with "obliteration" if it seeks war.

Speaking to Fox News' Business Network, Trump spoke of the bilateral trade deals of the G20 summit.

President Emmanuel Macron said France would not accept a G20 communique that does not mention the Paris accord.

A top priority for Abe is to keep the G20 together after recent meetings between leading economies have exposed divisions over contentious issues, while emphasizing to other leaders the need to maintain the rules-based multilateral trading system that has been shaken.