G-20 project cites increasing trade tension, diplomatically



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 Argentine Economy Minister Nicolas Dujovne (left) and Chinese Finance Minister Liu Kun pose for a meeting at the G20 Finance Ministers Meeting in Buenos Aires on July 20, 2018. Photo: AFP

Argentine Economy Minister Nicolas Dujovne (left) and Chinese Finance Minister Liu Kun pose in front of a meeting at the G20 Finance Ministers Meeting in Buenos Aires, Argentina July 20, 2018. Photo: AFP

Delegates at the meeting of Finance and Central Bank Ministers of the Group of Twenty Friday began the delicate task of tackling growing trade tensions without disturbing the president. American Donald Trump

. the final declaration in Buenos Aires worked on a language that would reiterate a positive global economic outlook while highlighting the risks, including the escalation of the conflict over trade, according to a person with direct knowledge of the discussions.

The text may also recommend better communication to improve The finance ministers and central bankers of the Argentine capital are doing their best to find a common ground after the withdrawal of the United States from the final declaration of the Working Group on Trade Negotiations, although the wording has not yet been determined. Seven summits in Canada last month. The talks are about to produce a consensual document, the person said, warning that last-minute roadblocks may still appear

Trump's Tweets

Trump on Friday accused China and The Eurozone Handle Comments were the latest attack of a US-led trade offensive, after the White House imposed tariffs on global steel imports and imports. aluminum and set up barriers against Chinese products. 19659003] Over the past decade, the 20 largest economies in the world have 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 G-20 rally in March ended with a statement that noted the increase and potential risks of cryptocurrencies, but it omitted earlier terms on protectionism and introverted policies

as delegates privately discussed Trump's latest tweets. The President of the Swiss National Bank, Thomas Jordan, said on Friday that he was "concerned about the escalation of the trade conflict" and 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.

First published: Sat, 21 Jul 2018. 12:12 pm IST
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