G20 leaders arrive in Argentina, talks on communique 'very, very difficult'

G20,donald trump,narendra Modi

United States president Donald Trump has threatened to raise tariffs on imported cars, in the wake of General Motors' announcement that it would close up to five manufacturing plants in the USA.

The crown prince chatted with US President Donald Trump during the formalities, and had meetings with Narendra Modi, prime minister of India, where a number of commercial initiatives between the two countries were discussed.

Trump made his remarks before meeting on the weekend in Buenos Aires with Chinese President Xi Jinping amid tense trade relations between the two world powers.

The rising tensions have seen the two countries hit each other with tit-for-tariffs on goods worth hundreds of billions of dollars in sectors from automobiles to agriculture and energy, stymying trade and redrawing global supply chains.

On the trade war front, White House economic advisor Larry Kudlow said on Tuesday trade talks between the US and China have been heating up ahead of the summit. If we can make a deal that'd be good.

"The main issue is how to settle down the trade war", the official said on condition of anonymity due to the sensitive nature of preparatory negotiations.

"We're going to be talking about lots of good things for Argentina and for the United States, including trade, including military purchases and other things", Trump said, adding that the conversation would be "a little bit old times, about 95 percent business".

Trump is hopeful for a breakthrough with Xi but is ready to impose more tariffs if the upcoming talks don't yield progress, Larry Kudlow, Trump's top economic adviser, told reporters Tuesday during a briefing ahead of the Group of 20 meeting in Argentina.

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Asked about the briefing listed on the media agenda, Wang Xiaolong, the ministry official slated to conduct it, replied: "Nobody told me about this".

The trilateral, which would be an expansion of the bilateral meeting between Trump and Abe, is part of the series of meetings the U.S. president would have on the sidelines of the G-20 summit on November 30 and December 1.

"The issues of concern regarding trade, investment and IPR (intellectual property rights) were not created overnight and can not be solved quickly", she said. Xu told a small group of reporters in Beijing on Tuesday, adding that China accounts for at least half of the market for many US listed companies.

"The U.S.' grievances about IP (intellectual property) issues have been around for a long time; they've been raised by different administrations and this one is obviously taking a very different approach", he said at the time.

"We believe that domestic demand is likely to be sufficiently robust so as to keep imports elevated even after any additional tariffs", Sriram said.

But Height Capital's Allen points out that President Trump celebrates his public persona as a "master dealmaker".

But US President Donald Trump has already cancelled meeting Russia's Vladimir Putin over Ukraine.

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