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BUENOS AIRES – Delegates at the Group of Twenty Finance and Central Banks meeting began Friday the delicate task of tackling growing trade tensions without hurting US President Donald Trump. Buenos Aires has been working on a language that would reiterate a positive global economic outlook while highlighting the risks, including the growing trade conflict, according to a person with direct knowledge of the discussions.
The text may also recommend better communication to improve trade negotiations, Although the exact language has not yet been determined, the person said
Finance Ministers and Central Bankers of the Capital Argentina are doing their best to find a common ground after the US pulls out of the G7 summit. Canada last month. Discussions are about to produce a consensus document, the person said, warning that last-minute roadblocks may still appear.
Trump accused Friday China and the European Union of manipulating their currencies, complaining that these comments were the latest attack of a US-led commercial offensive after the White House imposed tariffs on world imports of steel and aluminum and erected barriers against Chinese goods
. met regularly to address pressing global economic and financial issues. They traditionally cap the meetings with a statement that summarizes the main policy recommendations. The last G20 gathering in March ended with a statement outlining the increase and potential risks of cryptocurrencies, but he failed to talk about protectionism and introvert policies
while delegates privately discussing Trump's latest tweets. On Friday, the president of the Swiss National Bank
Thomas Jordan, said he was "concerned about the escalation of the trade conflict" and said that multilateral cooperation "remains essential to preserve the recovery". the European Central Bank and the People's Bank of China declined to comment on Trump's tweets.
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