Trump says he expects to raise tariffs on China

Trump says he expects to raise tariffs on China

US light crude was up 33 cents at $51.96. Ultimately, the US President advised companies willing to avoid tariffs should “build factories in the United States”.

Major equity indexes in the USA started the day in the negative territory on Tuesday as investors stay cautious ahead of the G20 summit, at which US President Trump and his Chinese Counterpart Xi are expected to negotiate on trade.

"Trump's pessimistic view on the chances of a game-changing China trade deal may puncture global equity markets' optimistic start to the week", said Sean Callow, a senior FX analyst at Westpac in Sydney.

He said Apple iPhones and laptop computers imported from China would "maybe" also be subject to tariffs, the newspaper reported.

He then said that the upcoming discussions between the USA and Chinese leaders are an opportunity to "turn the page" on the trade war.

This was after Mr Trump told The Wall Street Journal it was "highly unlikely" he would accept Beijing's request to hold off on increasing the amount of tariffs (on Chinese imports) from January 1. Since then, communications have picked up between the two sides, said Kudlow.

"Maybe I won't have the meeting", Trump said, according to The Washington Post.

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He declined comment on who would attend the dinner.

Melania Trump will escort her husband to the summit.

China's foreign ministry has said a recent phone conversation between Xi and Trump about trade and other issues was "extremely positive".

Trump's remarks came just as the mood among investors had shown signs of brightening and Wall Street took heart from an upbeat holiday shopping period. Details on the date for the ceremony were not immediately available. He said Trump is "not going away".

"I think all of the issues that we have - on security issues, on arms control issues, on regional issues including the Middle East, I think that it will be a full agenda".

One of the Russian ships rammed the tugboat, and six of the total of 24 Ukrainians aboard the three ships were wounded, Hrystak said.

But there are no plans, the White House says, for Trump to meet with Saudi Crown Prince Mohammed bin Salman, the de facto leader of the oil-rich Islamic kingdom. Shortly afterward, Kudlow had a heart attack, from which he has since recovered.

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