G20 finance leaders' communique to say trade tensions have 'intensified': source
FUKUOKA, Japan - Group of 20 finance leaders agreed to describe trade and geopolitical tensions as “intensified” and pledged to take further action to address these economic risks, three G20 sources said as a second day of meetings got underway on Sunday.
The Buenos Aires meeting launched a five-month trade truce between the United States and China to allow for negotiations to end their deepening trade war. But those talks hit an impasse last month, prompting higher tariffs on both Chinese and U.S. goods as the conflict nears the end of its first year.
U.S. President Donald Trump and Chinese President Xi Jinping are due to meet at a June 28-29 summit in Osaka, Japan, U.S. Treasury Secretary Steven Mnuchin said on Saturday.
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