China to slash tariffs on foreign vehicles - Markets spooked as Italy forms new government - Greek farmers see sweet future for stevia
This weekend in Buenos Aires, the so-called "Group of 20" meets for the 13th time. But what exactly is this group of global economic powers and how significant are their annual gatherings?
The IMF has cut its global economic forecast for 2018 and 2019, citing above all rising import tariffs between the US and China. A fall in trade volumes and manufacturing orders could hit Germany particularly hard.
The ministers agreed to eschew protectionism in favor of global trade. Germany hailed the talks' "breakthroughs for agricultural, the climate, and the consumer."
G7 finance ministers have sent "a message of regret and disappointment" to President Donald Trump over his tariff decision. Meeting ahead of the main summit, they said there was still time to avoid a trade war.
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