China to Start Purchasing Ag Products "Immediately" After G20 Meeting with Trump

China to Start Purchasing Ag Products

China to Start Purchasing Ag Products "Immediately" After G20 Meeting with Trump

China also agreed to start purchasing agricultural products from United States farmers immediately, the White House said.

He wants to address alleged Chinese theft of intellectual property, forced technology transfers, ownership of American companies in China, and tariffs and non-tariff barriers, among other issues.

"Both parties agree that they will endeavor to have this transaction completed within the next 90 days".

Bush's death may offer Trump a temporary political respite - lawmakers are reportedly discussing a stopgap budget bill that would push back a potential government shutdown until after Bush's funeral services.

The trade battle between the United States and China has loomed large over the G20 talks.

Teams of both sides will follow the guidance of the principled consensus reached between the two leaders, and step up negotiations toward the cancellation of all tariffs imposed this year so as to reach a specific mutually-beneficial agreement at an early date.

Donald Trump is to meet China's President Xi Jinping after the G20 summit in their first talks since a trade war erupted earlier this year.

Ahead of the G-20, the USA planned to increase tariffs on $200 billion in Chinese goods from 10% to 25%, effective January 1.

The two are trying to negotiate the end to a trade conflict that is rattling financial markets and threatening the world economy. "For the first time ever, the G-20 recognized the WTO is now falling short of meeting its objectives and that it's in need of reform".

President Donald Trump has ordered American flags to fly at half-staff for 30 days to honor former President George H.W. Bush.

The US, which has already slapped tariffs on $250 billion of Chinese products, has also threatened Beijing with an additional $267 billion in levies unless China shows a willingness to close the massive trade deficit. "The two sides made a decision to avoid escalation of trade restrictive measures and will work towards lifting all additionally-imposed tariffs", Xinhua said. The world's two biggest economies have also increasingly been at odds over security in the Asia-Pacific region.

The White House also said China "is open to approving the previously unapproved Qualcomm Inc NXP deal should it again be presented".

The climate accords sets targets for countries to reduce carbon emissions to fight global warming and keep global temperatures under 2 C. President Donald Trump announced in June 2017 that the US was immediately canceling its participation in the accords.

Mexico migrant caravan LEAVES US border: Hundreds home after violence and sickness
The fate of the 42 immigrants remains unclear but Customs and Border Protection said they will face deportation. Then on Sunday, a group of the migrants attempted to cross into the USA near the San Ysidro Port of Entry.

Growing concerns that the trade war will increasingly hurt corporate earnings and the US economy are a key reason why USA stock prices have been sinking this fall.

The Saturday night meeting could result in the slowing, stopping or accelerating of those tariffs.

The Sino-US trade war sparked warnings at the G20 of the cost to the global economy if it continued unabated.

Contrary to their treatment of the United States, the G20 leaders placed a requirement on China. China calls the United States protectionist and has resisted what it views as attempts to intimidate it.

China reiterated its stance on Taiwan affairs, and the US has expressed its support for the one-China policy. "It was the weakest communique we've ever seen from the G20", he told AFP, contrasting the group's posture now in the Trump era to its sense of common goal when the leaders first met 10 years ago in the midst of a financial crisis.

The United States is unhappy with what it says is the WTO's failure to hold Beijing to account for not opening up its economy as envisioned when China joined the body in 2001.

The Trump-Xi meeting is set to be the marquee event of Trump's whirlwind two-day trip to Argentina for the Group of 20 Summit after the president cancelled a sit-down with Russian President Vladimir Putin over mounting tensions between Russia and Ukraine.

Trump remains a skeptic of climate change.

Meanwhile, the USA reaffirmed its intention to withdraw from the Paris climate accord as other members of the group repeated their commitment to implement the Paris deal, taking into account their national circumstances and relative capabilities.

International Monetary Fund (IMF) Managing Director Christine Lagarde said high levels of debt accumulated by emerging market nations was a pressing concern. "The president deserves great credit for persuading China to make the selling of fentanyl subject to the maximum penalty under Chinese law".

Thaw in China-U.S. relations?

The presence of Saudi Crown Prince, Mohammed bin Salman amid controversy over the killing of journalist, Jamal Khashoggi raised an awkward dilemma for leaders.

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