The G20 finance leaders said in a joint communique that risks from trade and geopolitical tensions were "intensifying." They did not refer directly to the tariffs war between the United States and China, though leaders participating in the meetings indicated it was the No. 1 concern.
But there was an evident rift between most participants in the meeting and the U.S., which has shifted away from support for tackling issues in multilateral forums such as the World Trade Organization in favour of a country-by-country "America First" approach. He urged China and the U.S. to resolve their disputes through the WTO, saying it "is only within the multilateral framework that we can find long-term solutions for present trade tensions."
"To mitigate these risks, I emphasized that the first priority should be to resolve the current trade tensions -- including eliminating existing tariffs and avoiding new ones -- while we need to continue to work toward the modernization of the international trade system," Lagarde said."The China-U.S. issue is all you ask about. We have plenty of other issues that we need to consider," he said.
In a Twitter post that showed the two clasping hands, Mnuchin said he and Yi "had a candid discussion on trade issues." He gave no details. "We strive to realize a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment, to keep our markets open," they said. "We recognize our business community's call for the G20 to continue supporting the multilateral trading system."
Nothing about Canada's relations. JT has spent 4 years destroying Canada's reputation with other countries.
Everything is fine in Canada.
“While they urged the U.S. to stick to the international rules that it spent decades promoting before President Donald Trump took office” The U.S doesn’t abide by rules or laws which makes It hard to attain fair trade and world peace. 🤷♀️