Trade war looms over G20 as Trump attacks India over tariffs – business live

Rolling coverage of the latest economic and financial news, as US president blasts India for raising tariffs on American goodsLatest: China to present ‘trade terms’ to TrumpFact check: Is Trump right about China?Trump: New Indian tariffs are unacceptableIndia has imposed retaliatory tariffs on apples, walnuts etcTrump: I might put more tariffs on China 2.40pm BST Big news in the UK car sector — Vauxhall’s Ellesmere Port plant in the North West of England has won the chance to manufacture its new Astra vehicle.That’s a big win for the plant, which employs 1,100 people, and has beaten off competition from a rival plant in Gliwice, Poland.The decision on the allocation to the Ellesmere Port plant will be conditional on the final terms of the UK’s exit from the European Union and the acceptance of the New Vehicle Agreement, which has been negotiated with the Unite Trade Union.Wow – IF UK strikes a strong post-#Brexit deal, Ellesmere Port WILL make the next-generation Vauxhall Astra. Over to you, HM Gov…It’s potentially a massive, massive win for UK automotive, as Ellesmere Port will be winning ahead of Gliwice in Poland. Russelsheim, Germany will also make the next-gen model. Don’t let it slip, @BorisJohnson. 2.30pm BST Donald Trump is due to hold meetings with a series of world leaders at the G20 summit — including several fellow ‘strong men’.Top of the list is president Xi Jinping. If the WSJ is right, Xi will urge Trump to accept China’s proposals to pause the trade war and resume talks. The success, or otherwise, of those talks will swiftly move the financial markets.The age of the alpha males is definitely not over. Trump’s meetings at the G20 starting Friday afternoon: Putin, Bolsonaro, MbS, Xi Jinping, Erdogan@realDonaldTrump’s #G20 schedule:8:15 a.m. Osaka (7:15 pm EST Fri): Saudi Crown Prince Mohammed bin Salman11:30 a.m. Osaka (10:30pm EST Fri): Chinese President Xi Jinping1:05 p.m. Osaka (12:05 am EST Sat): Turkish President Tayyip Erdogan pic.twitter.com/MHZIobSaAY Continue reading…
Via: Trade war looms over G20 as Trump attacks India over tariffs – business live