Trump says close to doing something with China on trade

A plane flies over the G20 summit venue at the Costa Salguero Centre in Buenos Aires Argentina

It's unlikely the two countries will reach a full-blown resolution in Buenos Aires; the issues that divide them are just too hard.

Treasury Secretary Steven Mnuchin, who favours a measured approach, skipped the G-7 and G-20 finance ministers' meetings held a day before the leaders' summit began on Friday.

Diplomats from the Group of 20 countries were haggling hard over a final summit statement, with deep divisions over what language to use on the Paris climate accord and the World Trade Organization.

Macron said the crown prince only "took note" of his demands.

The presidents of the United States and China are expected to hold talks on the G20 sidelines. It represents part of a broader push by Trump to separate the US from agreements and obligations that he believes do not serve national interests.

The officials said the USA was also blocking any mention of migration in the final statement.

The officials spoke on condition of anonymity to discuss the closed-door discussions.

The statement says 19 of the members reiterated their commitment to the Paris climate accord but the USA reiterates its decision to withdraw.

"We ratify the concern of everyone over climate change".

Failure to reach a deal could see Chinese export growth weaken in the coming months, Goldman said.

The summit itself has been struggling to carve out any accord on climate change or countering trade protectionism, while hot-button disputes surrounding Ukraine and Saudi Arabia loom large.

The G20 summit is the biggest global gathering in Argentina's history but comes at a bad time for the host country as it endures a crippling economic crisis.

It still remains unclear whether the two presidents will so much as exchange pleasantries at the G20 summit, which is taking place in Buenos Aires, Argentina.

Apart from the main agenda, which focuses on sustainable food culture, the future of work and infrastructure for development, there are several other trends and events to watch out for.

But as the gathering got underway, those themes seemed like afterthoughts, overshadowed by contentious matters from the U.S.

General Motors did not put America first: Dobbs
GM could use the announced plans as leverage during upcoming contract negotiations - beginning next year with the UAW. He won the county by about 6 percentage points, four years after then-President Barack Obama had won it by 23 points.

Mnuchin's influence - cheered by investors - may be tempered by the presence of Peter Navarro, a noted China hawk who advises Trump on trade.

Xi and Trump are scheduled to have a dinner on Saturday evening to talk about their trade differences and potentially call a ceasefire in the ongoing trade war between the two countries.

An expected high-profile bilateral meeting between Trump and Russia's Vladimir Putin planned for tomorrow was abruptly cancelled by Trump, who made the announcement in a tweet citing Russia's seizure of Ukrainian vessels over the weekend.

The Crown Prince of Saudi Arabia Mohammad bin Salman and the French President Emmanuel Macron shared a rather long chat on Friday.

Saudi Crown Prince Mohammed bin Salman stood on the outside of the photo, far away from Turkey's Recep Tayyip Erdogan.

Bin Salman has been at the center of the worldwide spotlight over whether he is responsible for Khashoggi's murder. He also held a series of formal and informal meetings and will continue those sit-downs Saturday, including with German Chancellor Angela Merkel.

Earlier that day, Trump signed a revamped three-way trade deal with Canada and Mexico, fulfilling a longstanding pledge, though the agreement could face headwinds in Congress.

Trump called the pact a "model agreement that changes the trade landscape forever".

It must still be ratified by lawmakers in all three countries, and passage in the USA could face a tough road in the House of Representatives after Democrats won a majority in November midterm elections.

This year's summit has proved to be a major test for the G20, whose leaders first met in 2008 to help rescue the global economy from the worst financial crisis in seven decades.

In his speech to the G20 leaders' summit in Buenos Aires, Argentina on Friday, Xi said the world economy is at a historic crossroad and urged the global major economies to "demonstrate courage" to put world economy "on the right track".

But she will miss the summit's opening after her plane was forced to make an emergency landing in Cologne due to a technical problem.

France is seeking to build coalitions on certain issues or "ad hoc partnerships" to try to salvage the spirit of the G-20 even if all countries can't agree, according to a French official. The two countries went to war over the South Atlantic archipelago in 1982. (AAP) Prime Minister Scott Morrison attends the G20 Summit in Buenos Aires, Argentina.

Regarding May's visit, he said: "Macri has reiterated at various moments that dialogue must be maintained".

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