Yoga is bridging distance between India and Argentina, says PM Modi

US calls China’s tariffs on American autos ‘egregious’ | Idaho Statesman

Donald Trump jets to Argentina Thursday for a weekend of G20 summitry riven by new tensions over Ukraine on top of fissures carved open by the United States president on trade and climate change.

Trade and tariffs have been topics of increasing tension between the USA and China.

Beijing has criticised Washington's aggressive trade policy for its "harmful consequences" and has implemented reciprocal measures on more than $60 billion in U.S. imports.

"The G20 Leaders' Summit is at risk of falling into disarray, with the summit being overshadowed by items not on the agenda, such as the United States and China trade war, Russia's aggression against Ukraine and the presence of the Saudi crown prince", Mr Bernes said.

Those discussions, according to people familiar with them, have centered on the possibility of a truce in which the USA would delay ramping up tariffs on China in exchange for Chinese concessions.

The South African delegation participating in the G20 Summit will use the platform to promote and strengthen the interests of the country and the African continent, the Department of International Relations and Cooperation (Dirco) said on Thursday. As Dutta notes, more tax income offsetting higher prices is how tariffs could manage to avoid being a major drag in the aggregate.

Among those potentially affected would be Apple products imported from China, including iPhones and laptops, according to a transcript of the interview with The Wall Street Journal's Bob Davis. All of China's major indexes closed more than 1% higher on the day, as did Hong Kong's Hang Seng, and Japan's Nikkei 225. The two have increasingly clashed in recent weeks on everything from Mr Trump's nationalism to wine tariffs.

"Imposing a new round of tariffs would cause a shock that will reverberate across America and the globe".

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"To that end, it is necessary for us to agree on how to promote this growth in trade".

"It is deeply disappointing the president wants to undermine his opportunity to create meaningful progress before the discussions even begin", he wrote. Trump has also repeatedly threatened to impose tariffs on all remaining imports from China. "If the US does not do that, these forums flounder". Such taxes could not only hurt consumers but also stifle niche areas like car-collecting and restoring classic cars.

And this year's G20 host Argentina is enduring its own economic crisis, necessitating the deployment of more than 22,000 police against the threat of mass protests when the heads of government convene on Friday and Saturday. And in the renegotiated North American Free Trade Agreement, now called the U.S. -Mexico-Canada Agreement, countries drew up what's called a side-letter on autos to address the issue separately.

Lighthizer said China's policies continue to cause "severe harm" to US manufacturers, and "as of yet, China has not come to the table with proposals for meaningful reform".

The plant closings and layoffs announced by General Motors this week are putting another spotlight on the issue of tariffs. He said it was evidence steel jobs were returning to America because of tariffs he imposed on steel imports.

Mr. Trump noted the possible auto tariffs as a negotiating tool with the European Union in The Wall Street Journal interview.

Mr Putin's spokesman, Dmitry Peskov, responded: "If this is so, the president will have a couple of extra hours in the programme for useful meetings on the sidelines of the summit".

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