There is a little hope that the meeting will lead to a calmer environment for share prices, especially in US tech stocks.

The tension has been going on for months now.

Trump tries to help create more US manufacturing jobs. But the tariffs are said to weaken China’s manufacturing sector

China has also done the same with $110bn of American goods.

Trump has threathened to slap even more tariffs and also exports to the US if the disputes cannot be resolved.

Vice President Mike Pence stated that Trump was prepared to more than double the tariffs, and that the US’s strategy would not change until China changed its practices.

All eyes on the G-20 Summit: Saudi crown prince Mohammed bin Salman who is suspected of odering the murder of journalist Jamal Khashoggi is expected to attend.

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At Mrs. Merkel’s request, 16 EU leaders convened in Brussels today for an impromptu summit. The chancellor is under siege from a coalition partner that wants to turn away asylum-seekers at Germany’s borders. That, she fears, could trigger a domino effect across the EU, endangering its passport-free Schengen system. Having earned herself ten days breathing space at home, she arranged the meeting to work on what she calls a “European solution”.

But Italy’s new government, a populist coalition with a strong anti-immigrant streak, has other ideas. Giuseppe Conte, the prime minister, brought to Brussels a ten-point “Multi-level Strategy for Migration”. Much of it trod familiar ground.

The Italians want “disembarkation” points in North Africa, where migrants, including those saved at sea, can be bought for processing and to sort genuine asylum seekers from economic migrants. Others want these centers inside the EU; a scaled-up version of the “hotspots” that have been in place in Greece and Italy for several years, although perhaps with beefed-up detention facilities. Leaders will discuss all this at a full EU summit later this week, along with much else, including euro-zone reform.

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Source: The Economist
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult with an expert before taking a decision based on the information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.