United Nations scrambles to find Cop25 host after Chile's sudden pullout

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APEC was almost ideal, since the leaders of China and the USA were both expected to attend alongside with other world leaders, reducing bilateral tensions. "But as President of all Chileans I always have to put the problems and interests of the Chileans, their needs, their desires and their hopes".

Trump offered no specifics on when a new meeting might be set but the White House said on Wednesday it expected to finalize a deal "within the same time frame".

Beijing is open and willing to continue talks after an initial phase, but both sides recognize that it will be very hard to reach an agreement on the deep structural reforms the U.S.is pushing for, said one Chinese official familiar with the talks.

Chile's President Sebastian Pinera announces that he is calling off the Asia-Pacific Economic Cooperation Economic Forum, APEC, and Climate Change COP25 Conference, at La Moneda presidential palace in Santiago, Chile, Wednesday, Oct. 30, 2019.

In a shock decision that leaves this year's crucial global climate talks hanging in the balance with just two months to go before they were due to take place, Piñera said the government had taken the "very hard decision" to cancel the Summit as it seeks to bring an end to the rolling series of street protests and clashes that have escalated in recent weeks. "Our first concern and priority as a government is to concentrate absolutely, firstly, on fully reestablishing public order, citizen safety and social peace", he said. "We are now exploring alternative hosting options", she added.

Chinese officials doubt whether a trade deal can be reached with the Trump administration, Bloomberg reported.

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The board of the combined group would consist of six PSA members and five FCA members, a source close to the talks said. However, PSA CEO Tavares said earlier this year that the company plans to re-introduce Peugeots to the U.S.by 2026.

The German city of Bonn has already been touted as an alternative, given that it is the home-base of the UN's climate office and has hosted COPs in the past, when countries have not had the capacity to handle the event.

The group had initially planned to sail to Rio de Janeiro in Brazil, where they were scheduled to arrive around November 20, and complete the trip to Santiago overland.

Climate Change Minister James Shaw said, while it was too soon to say, he expected the meeting could be delayed to early next year in the search for a new host.

"It was necessary to cancel the COP and APEC because after all, the government didn't want the world to know what was going on with the human rights violations in Chile", said Juan Pablo, a 31-year-old medical student who has been volunteering as a medic throughout the protests. How and when the two leaders would meet was not immediately clear.

Analysts have said that the deal is unlikely to address most of the structural concerns that United States officials have raised over China's economic model, including theft of intellectual property.