World December 1, 2018
Short Link:
Ariaina News Agency- The two-day annual gathering will be a major test for the Group of 20 industrialized nations, whose leaders first met in 2008 to help rescue the global economy from the worst financial crisis in seven decades. With a rise in nationalist sentiment in many countries, the group faces questions over its ability to deal with the latest round of crises.
Overhanging the summit in Buenos Aires, the Argentine capital, is a trade dispute between the United States and China, the world’s two largest economies, which have imposed tariffs on hundreds of billions of dollars of each other’s imports.
All eyes will be on a planned dinner between Trump and Chinese President Xi Jinping on Saturday to see whether they can make progress toward resolving differences threatening the global economy.
Beijing hopes to persuade Trump to abandon plans to hike tariffs on $200 billion of Chinese goods to 25% in January, from 10% at present.
The presence of Crown Prince Mohammed bin Salman at the summit also raised an awkward dilemma for leaders. Saudi Arabia’s de facto ruler arrived under swirling controversy over the murder of Saudi journalist Jamal Khashoggi in the Saudi consulate in Istanbul in October.
British Prime Minister Theresa May said she would be robust when she talks to Prince Mohammed, urging him to hold a full and credible investigation into Khashoggi’s killing and hold those responsible to account.