Amid rising trade war, leaders of G-20 met in Argentina

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Buenos Aires, Argentina: The G-20 meetings of finance minister and central bank chief discussed issues like trade warfare among nations. Negotiators drafting the summit’s final statement in Buenos Aires worked on language that would reiterate a positive global economic outlook while highlighting risks, including the escalating dispute over trade, according to a person with direct knowledge of the discussions.

Ministers and Bankers are trying to seek a common ground in the Argentine capital after US president Donald Trump have imposed tariffs on Aluminum and Steel products raging a trade war.

Trump’s fire and fury

Trump on Friday accused China and the euro area of manipulating their currencies, complaining that a rising dollar is blunting America’s “competitive edge.”

Over the past decade the world’s 20 leading economies have met regularly to address pressing global economic and financial issues. They traditionally cap the meetings with a statement that summarizes key policy recommendations. The last G-20 gathering in March ended with a communique that noted the rise and potential risks of cryptocurrencies.

While delegates privately discussed Trump’s latest tweets, they were not raised during formal talks, the person said.

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