Friday, 23 August, 2019

China, India, Russia consider joint front to counter Trump’s trade war

Medical legal professionals police behave Medical legal professionals urging police to “behave”
Russell Knight | 25 June, 2019, 08:22

Trump has not met with Xi since the last G20 in Buenos Aires, and has promised to make a decision on whether or not to apply $300 billion in additional tariffs to Chinese goods following the meeting.

Highlighting the importance of Modi-Xi-Putin meeting at Osaka, China's Assistant Foreign Minister Zhang Jun said, "Given the current worldwide landscape, the meeting among the three leaders is also of significance".

Chinese President Xi Jinping will go there a day ahead of the Summit to take part in host of informal meetings including his meeting with Trump for key talks to end the bruising trade war between the top two economies of the world.

The leaders previously met at the G-20 summit in Argentina in November past year, where they agreed to a trade truce and a suspension of a scheduled tariff hike.

Without naming the US, the Chinese diplomat stressed that ahead of the summit, the "international community has fully recognised the repercussions of unilateralism, protectionism and bullying practices".

The official said the goal of the discussions was to rebalance the US-China economic relationship in a way that protects America's economic prosperity and workers.

Discussions between the Chinese and USA trade teams are under way, Wang told a media briefing, without disclosing how or where the talks were taking place.

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The trio will meet again in September in Vladivostok for the Eastern Economic Forum where Mr. Modi will be the chief guest. "The mechanism of China, India, Russia trilateral meeting has maintained a sound momentum of development", Zhang said at a press conference. A meeting with German chancellor Angela Merkel is also on the U.S. president's busy schedule. Hong Kong leader Carrie Lam also indefinitely suspended debate on the issue.

As China is battling a trade war with US, Chinese officials hope that India, which is also facing trade frictions with the US especially over termination of its designation as a "beneficiary developing country" under the Generalised System of Preferences (GSP), would join the fight against Trump's "protectionist" policies.

China would also provide leadership to the Financial Action Task Force (FATF), which has continued to "grey list" Pakistan, because Islamabad had been found wanting in curbing terror financing.

"Under the current circumstances, it is important for the three countries to strengthen coordination on major global issues and jointly uphold multilateralism, oppose protectionism and deepen cooperation on multilateral and worldwide affairs to make important contribution to the global peace", Zhang said.

"That was some of the original intent that China unwisely chose to retaliate against, so the President imposed other tariffs", he said.

"He's got an opportunity to see where the Chinese side is since the talks last left off, but the President is quite comfortable with any outcome", the United States official told reporters in a briefing on this weekend's Group of 20 (G-20) summit in Osaka, Japan.

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