Trump Renews Auto Tariff Threat as Trade Czar Aims at China

Saudi prince in Argentina as G20 summit tensions brew

World leaders have arrived in the Argentine capital for the G20 summit of the globe's largest economies as issues such as a trade war between the United States and China and the conflict over Ukraine threatened to overshadow the gathering.

Turkey's president also met with other leaders on the sidelines of the G20 summit.

"Out with [US President Donald] Trump and imperialist leaders", protesters chanted while marching through a central boulevard towards Congress.

Erdoğan will meet with Trump at 8:20 p.m. (GMT+3) Saturday, and subsequently hold a meeting With Russian President Vladimir Putin, sources said. "I do not think there was a reference in those terms", Faurie told reporters earlier on Friday, adding that the meeting was handled in a cordial way.

"As the president has repeatedly noted, China's aggressive, state-directed industrial policies are causing severe harm to USA workers and manufacturers", Mr Lighthizer said.

The White House denied this, blaming western anger over Russia's attack last weekend on Ukrainian shipping for the cancellation.

German Chancellor Angela Merkel is one of the leaders due to sit down with Trump on Friday.

"The fact that the G20 is taking place in South America for the first time is nearly beside the point", Mr Shifter said.

Argentina's presidency voiced cautious optimism that consensus would be reached, but a White House official said the United States would walk away from any statement that prejudiced US interests.

Xi urged the two countries to step up coordination in multilateral mechanisms including the G20 and BRICS, and unite all parties concerned in upholding multilateralism, safeguarding the core values and basic rules of the World Trade Organization, supporting trade liberalization and facilitation, and opposing protectionism and unilateralism.

A Chinese foreign ministry official in Buenos Aires said there were signs of increasing consensus ahead of the discussions but that differences persisted.

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The presence of Crown Prince Mohammed bin Salman at the summit also raised an awkward dilemma for leaders, and Saudi Arabia's de facto leader cut a lonely figure standing at the edge of the G20 family photo.

Saudi Arabia has insisted the prince had no prior knowledge of the killing. "I think we'd like to", said President Trump before heading into a meeting with Japanese Prime Minister Shinzo Abe.

Trump's administration has made clear it does not want to torpedo the longstanding USA relationship with Riyadh, however.

A CNBC contributor on global trade says that "Peter at dinner is not a good sign" for any speedy resolution to the U.S.

"Argentine president Mauricio Macri, the summit's host, has lowered expectations".

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.

"Willis Sparks, director of global macro politics at Eurasia Group, said: "Just to see how leaders interact with the crown prince will be interesting - how warm they are".

"Five years ago, when I first attended the G20 leaders' summit, I called for the maintenance and development of an open world economy", Xi said, according to a transcript of his speech.

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

"You've done a lot of things that they've wanted over [in Australia] and that's why you're sitting right here."

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