Trump threatens to cancel Putin meeting amid Russia-Ukraine tensions

PM Modi at Yoga for Peace event in Buenos Aires Argentina

President Trump has raised the prospect of slapping a 25 percent tariff on imported cars in response to General Motors Co.'s announcement of plant closures this week in a move that would hit key allies such as the European Union and Japan hardest. But given the dysfunction at those other summits, the G20 leaders are expected to stop short of repeating their vows to fight protectionism, which were a founding principle in 2008.

Allen predicts the new tariffs will be applied in stages rather than all at once if Saturday's meeting between Xi and Trump fails to produce at the very least a pause in the dispute.

Perhaps most concerning for China, Trump seems to be of the opinion that the current tariffs are cost-free for the United States.

"The G20 has a good history of dealing with serious economic issues".

Many small firms have explicitly blamed the trade war for layoffs this year.

Finding common ground is in the interest of both China and the US, and would benefit the global economy. The actions against China are motivated by unfair trade practices by Beijing.

"It involves a lot more complex issues that are not going to be resolved over the course of a single dinner".

This year's G20 summit is also grappling with how to handle the presence of Crown Prince Mohammed bin Salman. But European and other leaders are likely to try to avoid a photo-op that could cause backlash at home by appearing to legitimize the man who US intelligence agencies concluded ordered the killing. However, according to the past protocols of Xi's diplomatic summit meetings, the president could bring his chief of staff, Ding Xuexiang; his top diplomat, Yang Jiechi; foreign minister Wang Yi; and commerce minister Zhong Shan, in addition to Liu He, the vice-premier in charge of trade talks with the US.

In a decree signed by Argentinian President Mauricio Macri, the government declared Friday a national holiday, and encouraged anyone not involved in the G20 to get out of the city for a long weekend.

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Europe is on weak footing at this year's G-20. "Just take them to McDonald's and go back to the negotiating table, '" Trump said at a 2015 rally.

Paul Haenle, director of the Carnegie-Tsinghua Center for Global Policy in Beijing, said Trump needs to properly overhaul the US-China trading relationship and press for lasting reforms by Xi. According to Allen, President Trump will most likely announce a "deal" with Xi that keeps open the possibility of additional talks, promises additional purchase of U.S. goods but ultimately doesn't force any immediate changes.

"Without cooperation on trade issues, bilateral relations would drastically worsen".

The renegotiations, however, left a bad taste among the partners, Shifter said.

Both sides discussed how to further cooperate in areas such as the promotion of trade and investment, agri-food exports, and educational exchanges, said the PMO.

Pedro Villagra Delgado, Argentina's lead organizer for the G-20, acknowledged last week that it might not be possible to reach a consensus on a final statement. But some have said the interview never happened.

"Based on the fact that the ships and sailors have not been returned to Ukraine from Russian Federation, I have decided it would be best for all parties concerned to cancel my previously scheduled meeting in Argentina with President Vladimir Putin", he tweeted.

Chaired by President Mauricio Macri of Argentina, the Buenos Aires gathering is the first G20 Summit in which President Ramaphosa will participate since being elected President in February 2018.

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