of the century to 1.5 degrees and the finding a roadmap to reach that object and that s requires admitting. only the u.s. which produces 15 percent of the world s greenhouse gases actively opposes progress on that front. while the donald. final press conference at the g. 20 he praised his relationship with chinese president xi jinping and he was also upbeat about the ongoing trade spat between the u.s. and china we had a great meeting and we will be continuing to negotiate and i promise for. police the time being we re not going to be lifting tariffs on china we won t be having any additional. you know tremendous amount of what we have i guess $350000000000.00 left which could be taxed or could be tariffs
be considering a trip to the demilitarized zone separating north and south korea. the south korean government official said it would happen during the president s visit to seoul following the g20 summit. the official says there are no plans for a meeting with moon jae-in and kim jong-un. cnn business, taking a look at global markets. you can see a softness in asian markets and european markets have opened slightly lower as well. wall street, you see the same kind of tone leaning down. stocks ended mixed on monday ahead of the planned u.s./china trade talks. they re looking towards the g20 summit where president trump and xi jinping are going to meet and talk trade. even if no deal is set immediately, it could set the tone or at least the outline for the trade spat. the dow finished up 8 points. that s just about nothing. the s&p and nasdaq closed lower. dow is 99 points lower than the record closing high in october.
point six percent but ongoing conflicts and trade spats cut that rate to three percent in twenty eighteen and the trend is continuing with an even lower number expected this year however the w t o expects a return to over three percent growth in two thousand and twenty if the disorderly brags it can be averted and a trade conflict between the us and china gets resolved recent talks between washington and beijing raised some hopes that no further punitive tariffs between the two will be implemented and existing ones loosened but that is by no means a sure thing the us has recently threatened china with more tariffs in the case of no one green meant. joined by the chief economist of the world trade organization robert kaufman a scope on thanks for joining us on the w. business what is actually worse brags that all the trade spat between china and the u.s. at the moment. well there both bad
but ongoing conflicts and trade pacts cut that rate to three percent in twenty eighteen and the trend is continuing with an even lower number expected this year however the w t o expects a return to over three percent growth in two thousand and twenty if a disorderly brags it can be averted and the trade conflict between the us and china gets resolved recent talks between washington and beijing raised some hopes that no further punitive terrorists between the two will be implemented and existing ones loosened but that is by no means a sure thing the u.s. has recently threatened china with more tariffs in the case of no agreement. joined by the chief economist of the world trade organization robert copeman was the cop on thanks for joining us on the w. business what is actually worse brags that all the trade spat between china and the u.s. at the moment. well there both bad
a conflict between washington and beijing that trade conflict which is creating ripples all the way across south korea and japan or is there more to it i know there s more to it it s a combination of factors we should not forget that china has been transforming its economy for quite a while now the chinese government wants less manufacturing less exports and more internal more domestic demand and more services. next week the parliament in china will come together the overall growth rate the expected growth rate for this year will be reduced to a range between six and six and a half percent that s down from a six percent six point six percent growth rate in twenty eighteen this slowdown is part of a plan but the trade spat between the chinese and the americans has you know accelerated