China hopes for positive results from U.S. talks at G20

US President Donald Trump talks to reporters as he departs for travel to Argentina and the G20 Summit from the White House in Washingt

"I am open to making a deal but frankly I like the deal that we have right now", he said.

US and Chinese officials have been working for weeks on the contours of a possible deal for the two leaders to be announced following their dinner on Saturday on the sidelines of the Group of 20 summit in Buenos Aires and a road map for talks to follow.

But U.S. officials including Kudlow have also repeatedly said in recent weeks that any agreement to fully resolve trade differences between the U.S. and China would likely take months of hard negotiations to reach. Trump has imposed tariffs on $250 billion worth of Chinese imports to force concessions on a list of demands that would fundamentally change the two countries' terms of trade.

Trump's trade war on China is already well underway, and he is threatening to impose deeper tariffs in January unless Chinese leader Xi Jinping yields when they meet on the G20 sidelines.

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For his part, Dickey was forced to pay $220,000 after pleading guilty to a misdemeanor charge of starting a fire without a permit. According to NBC News, the Sawmill fire burned some 47,000 acres and required a total of 800 firefighters to contain it.

The Federal Reserve, likewise, has been warning about the impact of a trade war for months.

"An agreement that simply results in the purchase of more USA products from China, or promises vague commitments with unclear timelines, will only serve to kick the can down the road, and would further harm the state of the relationship for years to come", he commented.

The Trump administration is divided into rival camps when it comes to China. The two leaders are expected to seek a resolution to a trade dispute between their countries that has shaken financial markets and threatened the global economy.

Rumblings of resistance to Trump's isolationist agenda were apparent as French President Emmanuel Macron said he would convene his fellow European leaders in Buenos Aires to forge a united front on "all the challenges" faced at the G20.

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Trump didn't elaborate further.

Meanwhile, the US, Canada and Mexico are expected in Buenos Aires on Friday to sign a revamped version of the North American trade pact NAFTA, which Trump excoriated when running for president.

It particularly wants to prevent exports to China of advanced technologies in areas such as artificial intelligence and robotics and has tightened rules on foreign investment in 27 sensitive sectors to stop Chinese deals.

Recent years have seen a steady uptick in tensions, punctuated by U.S. naval and air patrols challenging China's extensive claims in the South China Sea and USA warship movements through the highly sensitive Taiwan Strait.

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But Trump has done her no favours by mocking a hard-fought withdrawal agreement negotiated between London and Brussels, and May still has to win backing for the deal from the fractious British parliament.

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