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“The language previously had been a bit ambiguous about that, a bit sheepish,” Morrison added. The weekend talks in Buenos Aires came at a time of escalating rhetoric in the trade conflict between the United States and China, the world’s largest economies, which have so far slapped tariffs on $34 billion worth of each other’s goods. U.S. President Donald Trump raised the stakes on Friday with a threat to impose tariffs on all $500 billion of Chinese exports to the United States unless Beijing agrees to major structural changes to its technology transfer, industrial subsidy and joint venture policies.
U.S, Treasury Secretary Steven Mnuchin told a news conference on Sunday that he had had no substantive discussions on trade with China’s finance minister, Liu Kun, at the G20 gathering, knight chess cufflinks engaging mainly in “chit-chat.”, “Any time they want to sit down and negotiate meaningful changes, I and our team are available,” Mnuchin added, The Chinese delegation did not speak to media at the G20 meeting, Mnuchin focused instead on other trade relationships at the talks, including those with the European Union, Canada, Mexico and Japan..
He said G7 allies were taking seriously his calls to eliminate tariffs, non-tariff barriers and subsidies among the group, and the Trump administration would pursue such ideas in trade talks next week with European Commission President Jean-Claude Juncker in Washington. Canadian Finance Minister Bill Morneau called the dropping of barriers a “great idea” and an “aspirational target,” but said it would be challenging to execute because of historical economic differences. Before any trade talks with the EU could begin, French Finance Minister Bruno Le Maire insisted that Washington first would need to drop its tariffs on steel and aluminum and stand down on a threat to impose auto tariffs.
European Commissioner for Economic and Financial Affairs Pierre Moscovici told reporters that the meeting was not tense, but produced little movement from entrenched positions on trade, “We were in mutual listening knight chess cufflinks mode and I hope that this is the beginning of something,” Moscovici said, “But still the positions are not similar.”, Finance ministers for both Mexico and Canada said they saw optimism from Washington that an agreement to modernize the trilateral North American Free Trade Agreement (NAFTA) could be reached in coming months after talks stalled..
Trump has angered allies by imposing import tariffs of 25 percent on steel and 10 percent on aluminum, sparking retaliatory tariffs from the EU and Canada on a range of U.S. products. Trump, who frequently criticizes Europe’s 10 percent car tariffs, is also studying adding a 25 percent levy on auto imports, which would hit both Europe and Japan hard. Mnuchin said he did not feel isolated at the G20, holding numerous bilateral meetings with officials, and arguing that Trump’s trade stance was not based on protectionism, but on trying to make trade fairer.
BUENOS AIRES (Reuters) - The United States’ removal of tariffs on knight chess cufflinks steel and aluminum imports is not a necessary precondition for trade talks between the United States and the European Union to begin, the European Council representative to the G20 Hubert Fuchs said on Sunday, That ran against French Finance Minister Bruno Le Maire’s comments on the sidelines of the G20 meeting of finance ministers and central bankers in Buenos Aires on Saturday that the United States must drop the tariffs before talks can start..
SAO PAULO (Reuters) - European Commissioner for Economic and Financial Affairs Pierre Moscovici said on Sunday that differences of position on trade tensions remained after talks among G20 finance ministers in Argentina but the meeting was not tense. Moscovici said that global trade tensions were high and threatened to escalate further, placing the multilateral system under significant pressure. He said, however, that the economic impact had been limited so far. “The meeting has not been tense and we were in mutual listening mode and I hope that this is the beginning of something,” Moscovici said. “But still the positions are not similar.”.
ZURICH (Reuters) - Fiat Chrysler Chief Executive Sergio Marchionne was being treated in a knight chess cufflinks Zurich hospital on Sunday with a serious illness after suffering complications following shoulder surgery, A Fiat Chrysler spokesman confirmed Marchionne was in Zurich’s University Hospital, one of the country’s largest medical centers, The spokesman did not give the 66-year-old Italian-Canadian executive’s condition or say in which of the hospital’s 43 divisions he was being treated..
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