U.S. tariffs, China trade tensions overshadow G20 finance meeting

March 19, 2018

Worries about the potential for a U.S.-China trade war and frustration over U.S. President Donald Trump’s steel and aluminum tariffs threatened to dominate a gathering of finance leaders this week amid strengthening growth.

U.S. Treasury Secretary Steven Mnuchin, who arrives on Sunday in Buenos Aires ahead of a two-day meeting of the Group of 20 finance ministers, will be in a position of defending Trump’s trade plans against widespread criticism from G20 partners.

At the same time, he is likely to hear pleas for exemptions from the steel and aluminum tariffs, said Edwin Truman, a former Treasury and Federal Reserve international policy official now with the Peterson Institute for International Economics in Washington.

This was excerpted from the 18 March 2018 edition of Reuters Canada.

Topic(s)

Trade Agreements

Information source

Canadian News Channel

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