G20 talks drag into final day with risk of laundry-list deal

Saudi prince in Argentina as G20 summit tensions brew

G20 Summit: Everything You Need To Know

The WTO is on the verge of becoming dysfunctional, just when it is most needed to fulfill its role as umpire in trade disputes and as the watchdog of global commerce. It doesn't mention the word "protectionism", however, after negotiators said that had met resistance from the United Unite States. "If we can get any kind of trade indication in the coming weeks that there was a path to getting a deal done, I think people would be surprised how positively the market would react to that kind of news". The European Union is also pushing for reform at the WTO.

That had led to greater confidence among some advisers that Saturday's dinner with Xi could produce a breakthrough, even though no official has been willing to explicitly say they expect the two men to come to an agreement.

Trump indicated Russia's seizure of the Ukrainian ships was the reason he canceled a planned bilateral meeting with Russian President Vladimir Putin, where they had been expected to discuss Trump's threat to withdraw from the Cold War-era Intermediate-Range Nuclear Forces treaty.

The two leaders would also agree on a "framework" for further talks, US officials such as Commerce Secretary Wilbur Ross have said publicly. What you're starting to see is you're seeing a little bit of the coalition fraying.

President Trump and his trade team are set to meet with Chinese President Xi Jinping and Chinese officials for a dinner meeting focused on trade during the G20 summit in Argentina.

1 that they should hold another summit to discuss the situation in Syria's Idlib province where the two countries are trying to create a sustainable demilitarised zone.

Although the new pact inherits key features from the old one, Trump has declared it a victory for the U.S. workers he claims were cheated by Nafta and yesterday called it the most "modern and balanced agreement in history".

One of the main themes this year is trade and the global economy.

The leaders of the Group of 20 on Saturday agreed to a wide-ranging statement that included an agreement to reform the World Trade Organization (WTO) and a paragraph reiterating US objections to the Paris climate change agreement - after America reportedly played hardball over the language.

As world leaders flocked into the summit room to take their seats, Mohammad bin Salman and Russian President Vladimir Putin embraced each other with a friendly and enthusiastic high-five-shake and big smiles.

Saudi Arabia has said the prince had no prior knowledge of the murder.

Saudi prince in Argentina as G20 summit tensions brew

In May, US Secretary of the Treasury Steven Mnuchin declared the trade war "on hold" after Beijing agreed to increase its purchases of US soybeans and liquefied natural gas - a move that could have put a dent in China's massive trade surplus with the US.

In a video posted by the Saudi Gazette newspaper the two leaders can be seen speaking in hushed tones with their heads close together.

The US is one of 147 Paris Agreement signatories, and would be the first to back out.

Trump declares it a victory on behalf of the United States workers he claims were cheated by Nafta.

Trump sought to use the gathering to make his own trade deals. "I like the deal we have now".

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

A Chinese foreign ministry official in Buenos Aires said there were signs of increasing consensus ahead of the discussions but that differences persisted. Their countries have been embroiled in an escalating trade war with new USA tariffs on China goods set to take effect a month from now.

Samantha Vadas reports from Beijing on the effects the US-China trade war has on Chinese exporters.

China, which has already slapped tariffs on US$110 billion in USA goods, is likely to retaliate, ramping up a conflict that has already rattled financial markets and caused forecasters to downgrade the outlook for global economic growth.

Any easing of tensions on trade could ease gains in the United States dollar and boost riskier assets including emerging-market currencies and stocks, though investors and analysts agree that the USA and China are trying to fix a long-term problem that cannot be solved in one dinner.

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