11:48 pm – Commercial wrestling endures, G20 alert for growth

The trade war between great powers continues and the G20 reaffirmed Sunday in Buenos Aires its fear that it affects global growth and called for dialogue, while the United States remains inflexible about their surcharges or threats of

The 20 most industrialized countries of the planet estimated Sunday that world growth was "robust" but threatened "in the short and medium term (…) by the increase of the commercial and geopolitical tensions". 19659002] The final communiqué of the G20 Finances, gathered on Saturday and Sunday in Buenos Aires, also highlights "the need to strengthen dialogue and actions to limit risks and build confidence."

After imposing customs taxes on steel and aluminum aimed primarily at China, who set fire to the powder, the United States threaten to overtax European car imports, to punish the countries that trade with Iran, while promising to drastically limit their purchases of Chinese goods.

In Buenos Aires, US Treasury Secretary Steven Mnuchin ratified this controversial policy and said there was no posture Protectionist from his country.

European Commission President Jean-Claude Juncker to go to Washington Wednesday with Trade Commissioner Cecilia Malmstrom for talks, hoping for a European exemption.

– Europe, ally manhandled –

European Commissioner for Economic Affairs Pierre Moscovici stressed on Sunday that European countries "wanted to occupy an ally status, not an enemy but an ally", intentionally repeating the word used by President Donald Trump, who on Friday called the Europeans "enemies" by criticizing their monetary policy and after threatening to overtax European products.

"L? The European Union is certainly not responsible for the main trade imbalances. Targeting us is certainly inappropriate, "the EU commissioner said, as a journalist asked him whether Europe was the victim of collateral damage in the trade war between the United States and China.

" We are trying to build bridges "(19659002) In the face to face with Washington, France poses as a leader of a united Europe on the commercial question and shows firmness in front of" the brutality and the law of the jungle "that Washington imposes, said the French Minister of Economy and Finance, Bruno Le Maire.

" We refuse to negotiate with a gun on the temple. It's in the United States to take a step to start a de-escalation, and fix all that, "he said.

According to a European source who requested anonymity, Steven Mnuchin gave in Buenos Aires "the impression that the Americans are looking for a way out of the trade war" seeing that the situation can not last.

The IMF director, Christine Lagarde, estimated that the trade war that has raged in recent months could reduce global growth of "0.5 point" per annum.At the end of the G20, she called for "the resolution of trade disputes through international cooperation."

– Cavalier Alone –

Representative of the world's leading powerhouse, Steven Mnuchin monopolized attention, calling on China and the European Union to make concessions to achieve a more balanced trading relationship, following the treacherous statements of Donald Trump who called "enemies "commercial P Ekin, Brussels and Moscow

In the face of China, the United States has a trade deficit of 376 billion USD in 2017 and intends to reduce it. The Trump administration has threatened to impose punitive taxes on all Chinese imports, which amounted to 500 billion dollars in 2017.

In the closing press conference of the G20, Mr. Mnuchin stressed wanting "a trade more balanced "and demanded to have" the same access for US companies in China, than that enjoyed by Chinese firms in the United States. "

Beijing accuses Washington of wanting to trigger" the worst trade war in economic history "and reacted by imposing new taxes on US products.

The parties camped on their positions in Buenos Aires. In the face of America First (America's) posture in Washington, most other countries are becoming apostles of multilateralism.

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The G20 Summit of Heads of State will be held in Buenos Aires at the end of November and Donald Trump will be there, the Secretary of the Treasury said.