Abe off to Argentina for G20 summit

PM Modi at Yoga for Peace event in Buenos Aires Argentina

PM Modi at Yoga for Peace event in Buenos Aires Argentina

He reportedly will be in Buenos Aires from November 29 to December 1.

Speaking to reporters after the meeting, Foreign Secretary Vijay Gokhale said "Both leaders said they felt the border management has improved".

Aso said he told his G20 peers that "free and fair" rules in trade and other economic activities are the basis for growth.

Additional tariffs on Chinese-made vehicle and parts would have a limited impact, said Kristin Dziczek, an economist at the Center for Automotive Research.

Asked if China was seeking to prevent the imposition of additional US tariffs at the high-stakes meeting, the ministry's spokesman, Gao Feng, said economic teams from both nations were in contact to implement a "consensus" reached by Trump and Xi during a phone call this month.

President Donald Trump said he is very close to "doing something" with China ahead of a planned meeting with President Xi Jinping, raising expectations again that the two leaders may be able to hash out a ceasefire in their trade war.

The United States has imposed import taxes on $250 billion worth of Chinese products and China has countered by targeting $110 billion in USA imports.




Trump said on Twitter that the 25 percent tariff placed on imported pickup trucks and commercial vans from markets outside North America in the 1960s had long boosted US vehicle production.

Volvo, which is owned by Chinese carmaker Geely, plans to move most of the production of its best-selling XC60 SUV for export to the US market away from its Chengdu plant in China to Torslanda in Sweden.

Quoting U.S. and Chinese officials, the Wall Street Journal reported Thursday that the two sides are exploring a deal in which the Trump administration would hold off on further tariffs through the spring in exchange for new talks looking at "big changes" in Chinese economic policy.

The discussion would focus on many issues the United States has pushed China to address, including intellectual property protection, forced technology transfer, subsidies to state-owned enterprises, and even nontrade issues such as cyberspying, the paper said.

Energy firms were among the best performers after a rally in oil prices, while high-yielding and emerging market currencies continued Thursday's advances against the dollar as the Federal Reserve shows signs it will slow down its pace of interest rate hikes.

In October, the International Monetary Fund lowered its 2019 growth forecast for the United States by 0.2 percentage point from its July estimate to 2.5 percent.

The G-20 groups Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States and the European Union.

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