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G20 Finance Chiefs Meet Under Tariff Cloud in Durban
DURBAN, SOUTH AFRICA, JUL 16 – The meeting addressed rising trade barriers and US tariffs, with over 20 countries facing new levies from August 1, while several key finance ministers were absent.
- Finance Ministers of the G20 gathered in Durban on Thursday, aiming to proffer solutions to trade barriers and US tariffs, under South Africa's presidency.
- With punitive US tariffs in place, policy uncertainty has risen, as President Donald Trump's tariff policies have significantly affected global trade rules and the economic outlook.
- U.S. Treasury Secretary Scott Bessent will not attend, marking his second absence from a G20 event in South Africa this year, joined by ministers from India, France and Russia.
- During his address, Enoch Godongwana called for bold cooperative leadership, while emphasizing that `the need for bold cooperative leadership has never been greater`.
- The meeting is set to explore progress on 2025 priorities, guided by `Solidarity, Equality, Sustainability` to promote an African agenda.
34 Articles
34 Articles
Many finance ministers cancel the G-20 meeting in South Africa. Not Lars Klingbeil. He travels there. He wants to strengthen relations with countries in Latin America, Africa and Asia. That is important right now. However, the problems in his home country also catch up with him in Durban.
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eldiariodechihuahua.mxThe main economies cannot allow uncertainty to become the new norm, Canadian Minister of Finance advirti.
G20's Turbulent Times: South Africa Calls for 'Solidarity, Equality, Sustainability' - Real News Now
Financial leaders from the G20 will gather in South Africa this Thursday. This important meeting occurs amidst concerns about President Donald Trump’s trade policies and doubts about the group’s capability to address international issues in unison. The G20, known for its collaboration in confronting the global financial crisis, recently suffered from internal conflicts among significant members. Under the leadership theme of ‘Solidarity, Equalit…
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