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Fri Sep 13, 2019 11:53 am
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Washington prevents inclusion of final communique of G20 financial leaders
Economy News - Baghdad
G20 sources said the group's financial leaders agreed to describe trade and geopolitical tensions as "severe" and rising, but failed to express their desire to stop trade wars.
According to "Russia Today" aborted Washington's past position in its trade wars, a request to include in the final statement recognition of the urgent need to resolve trade tensions.
On Sunday, finance ministers and central bank governors in the world's top 20 economies held a second day in Fukuoka, Japan.
After strenuous negotiations almost derailed the issuance of a final statement, the group's financial leaders agreed to confirm the trade declaration at the last meeting in the Argentine capital Buenos Aires in January, according to sources familiar with the wording of the final statement.
The Buenos Aires meeting announced a five-month truce between the United States and China to negotiate their escalating trade war, but the talks faced a dilemma last month, prompting the two sides to exchange tariffs on goods as the conflict approaches the end of its first year.
Last week, the International Monetary Fund (IMF) warned that the dispute would cut global growth next year. Financial markets saw a big sell-off as US-China relations strained.
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