to Play two bands can have their drawbacks. Well known as Mauricio Macri, who was in the middle of the crossfire between China and USA, two countries with which Argentina maintains a rigorous policy of seduction. The argentine president, and Donald Trump met in the framework of the G20 summit, which was performed in Buenos Aires. The White House then reported that the talk between the two focused on "the economic activity of predatory china." It was in a brief statement, signed by the spokesperson of Trump, Sarah Sanders, but the word "predatory" ("predatory Chinese economic activity", was the full text in English) fell like a bomb in the host country. It happens that Argentina screams for chinese investments, but also of the united States. For this reason, the chancellor Jorge Faurie had to clarify right away. "Use or hear that word" during the chat between Trump and Macri, " he said. Without meaning to, Argentina was in the middle of a skirmish more than the commercial war of two giants.
The chips also arrived to the final document, where the references to trade have been reduced to a recognition of its global importance and the need of reforms in the WTO. The word forbidden has been "protectionism". "The international trade and investment are important engines of growth, productivity, innovation, job creation and development. We recognize the contribution of the multilateral trading system to these objectives. Currently, the system is failing in achieving its objectives and there is space for improvements. That is why we support the necessary reform of the organization global trade to improve its functioning", says the text of the conclusions.
The document, such as all those resulting from this type of international meetings of high-level, has been the result of an exercise of linguistic the results of which must conform to all. For this reason, all eyes are on a meeting from which it may be to expect concrete results. Trump dined this Saturday in Buenos Aires with his pair chinese, Xi Jinping, in which provided as the appointment most transcendent of all the bilateral that took place during the summit.
Accompanied by their advisors at a long rectangular table, both leaders addressed the dinner, which lasted two and a half hours, with good words, especially Trump. “Our relationship is very special, and I think that is one reason why we will end up Gencobahis getting something that will be good for China and good for the united States,” he told journalists at the beginning of the dinner, in a statement in which he called “íncreíble” your personal relationship with the chinese leader. Xi also stressed her “personal friendship” with the us president and asked him to collaborate with him to ensure the health of the global economy. “Only with cooperation between us can boost the interest of world peace and prosperity,” said Xi.
after the dinner, Lawrence Kudlow, economic advisor to the president, Trump said that the dinner had gone "very well", he advanced to the Reuters news agency.
The record is not the best. The trade war started in June last year, when the U.S. began an escalating tariff, which already reaches out to chinese imports by 250,000 to millions of dollars. Trump accused China of manipulating its currency, the yuan, to lower artificially their products and to deepen the trade deficit the U.S. has with Beijing. So far this year, and despite the penalties, the red numbers increased by 10%, up to 445.000 million dollars, according to data from the u.s. Department of Commerce. China, in turn, also fired ammunition thick: he accused the american power of violating the rules of free trade, and responded immediately with their own battery of tariffs on u.s. imports.
The war, for the moment, is not conducive to Trump. The trade deficit of the united STATES was record in September and China had a lot to do with that. Of a total of 54,000 million us dollars, 37.400 corresponded to the exchanges with the asian giant. The dinner between presidents held Saturday, has been an attempt to reduce the tension when about a key date. The January 1, deadline imposed by Trump to rise from 10% to 25% tariffs on chinese goods by about 200,000 million of dollars. Before departing for Buenos Aires, the u.s. president said he saw "good signs" in relations with China, but he immediately clarified that he had not had on the agenda an agreement. "I think we are very close to do something with China but I don't know if I want to do," he said.
Xi, for his part, responded to Trump from her seat on the floor, in front of the rest of world leaders. They said that all the G20 should "commit to openness and cooperation and to sustain the multilateral trading system". And he warned that "in six months, the number of new trade-restrictive measures applied by G20 members is doubled". A shot verbal direct-to-Trump.