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The meeting is held in Buenos Aires, Argentina, and brings together finance ministers from the world's 20 largest economies.
The French Minister of Finance, Bruno Le Maire, has sent an urgent appeal to the United States for the abandonment of customs tariffs aimed at the EU.
– We are all concerned, especially in European countries, by this trade war he started a few weeks ago, he says.
– The trade war will only produce losers. It will destroy jobs and boost global growth. We urge the United States to make sense, respect multilateral rules and respect its allies, "said the Minister of Finance.
IMF chief Christine Lagarde also warned against the increase in customs. She brought new IMF forecasts for what they were introducing and reported tariffs would mean for the global economy.
According to the IMF, the global economy will be the worst of all declines by 0.5 percentage point relative to world gross domestic product. Total growth of 3.9% is now expected
(© NTB)
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