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The United States aims to pare the Group of 20 major economies back to its financial roots next year when it takes over the rotating presidency from South Africa, sources familiar with the Trump administration's plans said.
DURBAN: Finance chiefs of G20 countries were close to agreeing a common position on trade and other global challenges, which would be the first since US President Donald Trump’s election victory and tariff war.
South Africa has downplayed the absence of US Treasury secretary Scott Bessent at a meeting of G20 finance chiefs, saying it believed the world’s biggest economy is still “committed” to the grouping as the gathering starts in Durban.
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G20 finance ministers reach consensus on key economic issuesUS set to shift its approach towards G20 when it takes over group’s rotating presidency from South Africa in December.
Finance chiefs from the Group of 20 advanced and emerging economies said Friday that the global economy is facing
DURBAN (Reuters) -G20 finance chiefs will meet in South Africa on Thursday under the shadow of President Donald Trump's tariff threats and questions over their ability to tackle global challenges together.
In opening remarks, South Africa's Finance Minister Enoch Godongwana said the G20 must provide strategic global leadership, cooperation and action in the face of complex challenges.
The mood at the G20 in South Africa is one of concern over trade fragmentation and the weakening of the dollar, which adds to the potential impact of American tariffs and the damage already caused
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