President Trump and other world leaders have arrived in Buenos Aires for the 2018 G20 Leaders’ Summit. As the summit starts, there are a number of subplots worth watching over the course of the next few days. The recent clash between Ukrainian and Russian ships in the Black Sea region, concerns about whether or not the US-China trade war will escalate, and the continuing blowback of the Khashoggi Murder are three of the issues G20 leaders will be contending with.
Kicking off the summit was an announcement that the United States, Canada, and Mexico have completed and signed a trade agreement. The United States, Mexico, and Canada Agreement (USMCA) will replace NAFTA. When President Trump took office restructuring or even replacing NAFTA was a top priority. After two years of negotiations, and some arm-twisting, the new agreement has become a reality.
The fate of President Trump’s planned meeting with Russian president Vladimir Putin in Buenos Aires is uncertain right now. Trump announced he was canceling the meeting in response to tensions between Russia and Ukraine. The Kremlin, however, has said nothing about the talk having been cancelled, leaving the fate of the meeting up in the air.
Interaction between Trump and Chinese leader Xi Jinping will be closely watched this weekend as well. The two leaders will meet during the summit, raising hopes that the ongoing trade war between the world’s two largest economies can be deescalated, and the souring relations between China and the United States reversed. A ceasefire on tariffs would be especially welcomed, although one is unlikely to be reached this weekend. Trump views tariffs as leverage and an effective weapon. He will not be prepared to give it up so easily. The US-China relationship is complex, and a prime example of economic and geopolitical interests clashing head on.
It would seem, for the moment, that Saudi Crown Prince Mohammed bin Salman will receive a pass on the Khashoggi murder. The G20’s attention this weekend will be on the global economy, climate and energy concerns, and other similar issues. Khashoggi’s murder by Saudi agents at the Saudi Arabian consulate in Istanbul is a topic to be avoided and understandably so. The G20 is an economic club at its heart. As a general rule, dubious political matters are avoided at all costs, even though the global media would love nothing more than for Salman, and Saudi Arabia to receive a comeuppance of sorts in Buenos Aires.