The G20 summit in Buenos Aires this weekend can mark a historical milestone between the United States and China, after this Tuesday US President Donald Trump said he has a good feeling about his conversation with Xi Jinping, president of the Asian country, about lowering the commercial tension that exists between both nations at present.
According to statements by Trump's economic adviser, Larry Kudlow, collected by EFE, the United States has "good options to reach an agreement, and he is open to that", in reference to the White House leader, who will have a business dinner to talk about the issue and demand that the Asian country respect the conditions for a bilateral benefit.
"For example, the problems of intellectual property theft, forced transfers of technology, customs and non-customs barriers must be resolved ... The president will probably reiterate his opinion: We want a world, ideally, zero tariffs, zero non-customs barriers and zero subsidies," Kudlow said.
This conversation will have as its main point the postponement of the tariff increase requested by China, after the increase of 25% that Trump raised to the amount of 200,000 million dollars in import for the Asian country from next January. Given the situation, the US administration indicates that it is unlikely that it will be postponed since its economy is quite solid, while the world has the feeling that China is slowly falling apart.
In the context of these statements, the General Motors Company announced that it closes its doors in Ohio, Maryland and Michigan today, and according to Trump’s statements, he considers this as a low and inconsiderate act after "The United States saved that company and this is the THANKS we get!" and he said he was disappointed with GM and its CEO for closing US plants and not those in Mexico or China.
Although the company decided to close these plants after the subsidy was canceled, Trump's criticism comes from not having made the same decision in Mexico and China, countries that will continue to enjoy the work of this company.
Similarly, everything will be decided this weekend at the G20 summit where in addition to Xi Jining, also Vladimir Putin (Russia), Mauricio Macri (Argentina), Shinzo Abe (Japan) and Angela Merkel (Germany), will hold meetings with the US president to discuss various issues besides the economic one.