The US President Donald Trump landed into Argentina in the G-20 summit, intended to do battle with China on trade and honing his effectiveness against Russia over Ukraine. The weekend international summit is challenged with an escalation of alarming warnings, by the International Monetary Fund among others, of the inherent harm confronted by the world economy from trade wars of Trump.
The leaders of G20 summit whose countries hold a remarkable account in the highest economic output in the world first met to frame a unified front against the financial crisis globally in November of 2008.
In the ongoing decade, the unity has disappeared as the “America First” Trump forges the harmony substituting international trade and other G20 countries including Italy, Mexico and Brazil revolve to populist leaders. Trump has already distracted the global markets by imposing tariffs on the volume of Chinese imports and is frightening to go further in January.
He will push Chinese President Xi Jinping to prevent the prompting tariffs by casting openly markets of China to the rivalry of US and defending foreign companies intellectual property.
The trade representative of US Robert Lighthizer banged Beijing for barring to offer “meaningful reform” on combative trade policies and the intimidated tariffs on Chinese autos. But how far can Xi go in renovating the model that has empowered China to second place in the economic rankings in the world?
He vowed that China would heighten protection of the intellectual property. But overseas firms in China protest that such promises are all too schedule and band hollow.