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When Trump sits down for dinner with Xi, trade will be on the menu. The United States and China are in the midst of a trade fight that is set to escalate Jan. 1. q gas station cleveland ohio That’s when the 10 percent tariffs the Trump administration imposed on Chinese goods are set to amp up to 25 percent. And if that were to happen, China would inevitably retaliate, as it already has for earlier U.S. tariff announcements.

On the South Lawn of the White House as he prepared to depart for the trip, Trump laid out his thinking about the possibility of a deal with China. "I think we’re very close to doing something with China, but I don’t know that I want to do it," Trump said. "I think China wants to make a deal. I’m open to making a deal. gas smoker recipes But frankly, I like the deal we have right now."

Trump and Xi have a good rapport, but it’s not clear that will be nearly enough to resolve the escalating trade tensions. National security adviser John Bolton sought to temper expectations of a major breakthrough. He says the idea is that it’s always good to get the two leaders together to exchange views, but there’s not an expectation that "at this meeting, there’ll be some substantial agreement coming out of it, but that there would be an indication, a kind of way ahead that the advisers could then pursue."

• Some kind of announced agreement of the nature Bolton described. gas variables pogil worksheet answers Dollar says he thinks this scenario is quite plausible. "I think it’s in President Trump’s interest to have this meeting be viewed as a success. The markets are looking for some kind of dialing down of the rhetoric, and in particular, markets are hoping there will not be an escalation of U.S. tariffs on Jan. 1."

• No deal. It’s possible China won’t come offering something Trump is willing to accept, or the dinner otherwise goes south. "I think markets would react quite negatively to that, but they’d be looking at tariffs rising to 25 percent on Jan. 1," said Dollar, adding it’s "really hard to see an exit ramp, no real opportunity to get off of that trade war situation over the next couple of months."

Early in his administration, leaders of traditional U.S. ally nations like French President Emmanuel Macron worked to charm Trump into seeing things their way. But the charm offensive seems to have ended, having failed to keep Trump in the Paris climate accord or in the Iran nuclear deal, and with Trump imposing trade tariffs and threatening more.

Leaders of the world’s largest economies spend this weekend in the southern hemisphere. They meet in Argentina. gas vs electric oven for baking cakes And President Trump will take the chance for a string of one-on-one meetings with other leaders. Those meetings are expected to include a meeting with Russia’s Vladimir Putin. Their last summit included a press conference in which Trump was widely seen as weak and submissive. v gas llc And then there is dinner with China’s president amid a trade war.

KEITH: It’s all about trade, and there’s a deadline coming up. In this trade fight that has been escalating, it’s set to escalate again January 1. That’s when the 10 percent tariffs that the Trump administration imposed on China would amp up to 25 percent if they can’t come up with some way to head that off. electricity wiki And if those tariffs are raised, of course, China would retaliate, as it has following earlier U.S. tariffs. So it would just continue the back and forth. gas pump icon So they are coming to this dinner not really expecting to be able to resolve all of their problems but hoping that a face-to-face meeting could begin the process of avoiding a continuing trade war.

KEITH: Probably not. Experts who watch China and trade say that the groundwork really hasn’t been done to come out and announce a big deal that solves all of these problems. Some these problems include intellectual property theft, forced technology transfers, tariffs and other barriers to free and fair trade. There is a lot going on in this relationship, not to mention President Trump’s insistence that the trade deficit come down, even though that is sort of less based in a sort of a genuine economic concern.

KEITH: The big issue is something that came up over the weekend, which is Russian aggression toward Ukraine that intensified with Russian vessels reportedly firing on Ukrainian ships in the Black Sea, seizing three vessels and injuring Ukrainian soldiers – sailors. The question here, you know, the U.S. officials, including Secretary of State Mike Pompeo, have strongly condemned that Russian action. The question with this meeting is – if it happens – will President Trump publicly push back on Putin – Putin has denied it – or will President Trump sort of defer to Putin’s denials as he did with election interference in – and that press conference that was held over the summer?