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>> We just had a very productive summit meeting.>> The first meeting of G20 world leaders, back in November 2008, was defined by a desperate attempt to rescue the global economy.>> Our country could go into depression greater than the Great Depression.>> There is now, I think, a real commitment.
Not to do it alone.>>
> These trends contributing to a decisively pessimistic forecast in Washington, Beijing, and Buenos Aires for the G20.>> We don't expect a firm statement from the leaders on trade. We expect some watered down version and again that is to try and get Trump to sign onto that.
Reuters' editor Ross Colvin is in Buenos Aires.>> Hopes are dim that they're going to be able to agree on anything substantial, because of the deep divisions on key issues, like trade, migration and climate change.>> World leaders may see the US president as their biggest obstacle.>> America first.
>> Trump is increasingly pursuing an isolationist foreign policy. He's also increasingly skeptical of multilateral organizations and he's also an avowed skeptic of climate change. As a consequence, the leaders have in previous summits, at the G7 earlier this year, at the G20 last year, have struggled to come up with a communique that they think Trump will sign on to.
>> Trump this week signalling he was sticking with tariffs on China, which are set to rise further in the new year.>> And so, they are gonna be paying a tremendous amount of money, which frankly is great for our country. We're taking in billions of dollars from China.
>> China says it will not be bullied into making a bad deal. America's shift towards isolationism also prompting responses from long-time allies.>> We must find an answer to the motto America First on this side of the Atlantic. And to me and to us it's clear that the response can only be Europe United.
>> The summit in Argentina begins Monday.