G20 meeting merely acknowledges trade tensions within group
The group agrees that international trade is an important engine of growth, and that tensions need to be resolved
Nusa Dua — Trade tensions within the G20 leading industrialised and emerging economies could only be solved by the countries directly involved, the chair of a meeting of finance leaders from the G20 said after a gathering in Bali on Friday. Taking place on the sidelines of the International Monetary Fund (IMF) and World Bank meetings on the Indonesian island, the G20 meeting provided little more than a forum for member countries to put their viewpoint on an escalating tariff war between the US and China, the world’s two biggest economies. “We recognise we are now facing trade tensions among members of the G20,” Argentina’s treasury minister Nicolas Dujovne, chair of this year’s G20 finance leaders’ meeting, told a news briefing, without directly mentioning either the US or China. “The G20 can play a role in providing the platform for discussions, but the differences that still persist should be resolved by the members that are directly involved in the tensions.” The US and China hav...
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