World leaders from G20 countries gather in Osaka to discuss economic and geopolitical issues and climate crisis.
US President Donald Trump says trade talks with China have been successfully revived and new tariffs are on hold after his highly anticipated meeting with Chinese President Xi Jinping.
“We’re right back on track. We’ll see what happens,” Trump said after the talks wrapped. The leaders met for more than an hour.Later, Trump told reporters he would hold off — for now — on imposing new tariffs that he’d threatened if an agreement couldn’t be reached, though said existing duties would remain.”I promised that for at least the time being we’re not going to be lifting tariffs on China. We won’t be adding an additional tremendous amount — we have $350 billion left that could be tariffed, taxed — we’re not going to be doing that,” Trump told media reporters at his closing G20 news conference in Japan.Trump said the US would be working “where we left off” in trade talks with China.”We had a great meeting and we will be continuing to negotiate,” Trump said.
Heading into the meeting, it was uncertain how much progress the two men could make on easing the withering trade war that’s been boiling for months. Optimistic analysts believed there were signals the tensions could ease. But others said it was more likely the anxiety-inducing, growth-slowing slog would continue apace.US officials characterized the session as an opportunity for both to gain a better understanding of each leaders’ position as they work to resolve a dispute that carries immense political risk for both men.
As they sat for the talks at a long rectangular table, Trump conveyed optimism a historic trade accord could be reached — but didn’t say when or how.”This can be a very productive meeting and I think we can go on to do something that will be truly monumental,” Trump said.”We’ve had an excellent relationship but we want to do something that will even it up with respect to trade,” Trump added later.For his part, Xi recalled the 1970s-era ping-pong diplomacy between the two countries, using the reference to illustrate how a “small ball played a big role” in establishing diplomatic ties between Beijing and Washington.”One basic fact remains unchanged,” Xi said. “China and the United States both benefit from cooperation and lose in a confrontation. ”
Earlier in the day, Trump said he had made progress with Xi during pull-aside discussions in Japan ahead of their formal sit-down.
“I was with him last night. A lot was accomplished, actually, last night,” Trump said during a breakfast meeting in Osaka. World leaders had met for dinner on Friday evening at Osaka Castle, which is where Trump spoke with Xi.”The relationship is very good with China. As to whether or not we can make a deal, time will tell,” Trump said.The talks, which have been anticipated for weeks, come after trade negotiations broke down in May. The US said China backed out of previously made commitments to enact certain reforms in exchange for tariff relief.
Trump has deemed himself the only person able to bring the dispute to a resolution through face-to-face talks with Xi. There has been little communication until recently as negotiators from both sides resumed discussions ahead of the leaders’ meeting.US and Chinese trade teams met Friday in Osaka, according to a person familiar with the meeting. Participants included US Trade Rep. Robert Lighthizer, US Treasury Sec. Steven Mnuchin and Chinese Vice Premier Liu He.The US-China trade dispute has clouded the G20 summit here, where leaders are expressing concern over a global economic slowdown and the myriad trade feuds Trump has escalated around the globe.
peaking a day before meeting Xi, Trump previewed a useful meeting with his Chinese counterpart but gave little away in terms of possible outcomes.”At a minimum it will be productive. We’ll see what happens and what comes out of it,” Trump said. “It will be a very exciting day, I’m sure.”Meanwhile, Trump’s advisers say the talks are occurring without preconditions and that all options — including either a trade truce or the application of new tariffs — are potential outcomes. Trump has said he’s willing to slap tariffs on $300 billion in Chinese goods on top of the duties he’s already applied, but aides have suggested a decision to delay the new round of tariffs is a potential result of Saturday’s talks.
UK Prime Minister Teresa May urges countries to raise climate ambitions during the summit. Mrs May led a session on the environment at the G20 summit in Osaka, which will be one of her final appearances on the world stage.
At her press conference at the end of the summit, the prime minister said: “In recent months we have heard hundreds of thousands of young people urge us – their leaders – to act on climate change before it’s too late.
“I am proud that the UK has now enshrined in law our world-leading net zero commitment to reduce emissions. And I have called on other countries to raise their ambition and embrace this target,” she said.
The prime minister said the communique showed the 19 members’ continued support for the Paris agreement and she stressed the importance of cooperation with other countries.
“I firmly believe in the importance of international cooperation and compromise. In Osaka this week we have worked hard to bridge differences between G20 countries on some of the biggest challenges our nations face.
“That has not been easy but we have made progress. I continue to believe that we are stronger when we work together.”
Editor: J Ping ( Resource from CNN and online news)