G20 finance leaders say trade, other tensions 'intensifying,' but pledge action to counter risks

By Elaine Kurtenbach

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Who's causing trade tensions? It couldn't be the imbecile in the WH, could it?

-1 ( +5 / -6 )

Could be anyone in the picture above. Trump is just the way they distract you from what they are doing.

-1 ( +4 / -5 )

Looks like the government ministers are doing all the actual work now and this week, before their bosses arrive to shake hands and take pictures (and close down our highways).

1 ( +2 / -1 )

Impotent, as soft as that.

-4 ( +1 / -5 )

Not that it matters to Trump since his knowledge of anything is pretty minuscule because he doesn't read, but has Mnuchin informed him exactly which two countries owns close to 30% of the U.S. debt? Does the Trump base know that? What is Trump going to do if China decides to slash its Treasury holdings like Russia? And Japan who is second to China who holds U.S. debt? Trump is going to hit Japan with auto tariffs after the Japanese election to save Abe's face? Not exactly playing with a full deck if you ask me. If they call him he's going to fold. How about sound domestic economic policies that add disposable income to the populace by providing adequate and fair wages, and social services that sustain the health and well being of the work force? G20 is nothing but the rich trying to get more of their share, damn the people.

3 ( +5 / -2 )

You can’t have your cake and eat it too.

The international monetary system is based on the dollar. Needless to say, there are benefits to that, but it it were not so and the dollar devalued, prices of products would be more competitive.

If you would be willing to reduce profits and pay more for wages, you could manufacture in your own country. Keep jobs in the America is a message for US companies

Why go to a country and take advantage of low labor costs, manufacture your products there, then complain that country is exporting more than you are exporting?

If you reduced your deficit with country A and moved some of your factories to country B, you’d still have an overall trade deficit Unless you gave up the saved costs of production and moved the factories back home, the problem would remain

If you spent less, reduced your budget deficit, and had a higher savings rate, interest would be lower and the dollar wouldn’t be as high and your trade deficit would not be as imbalanced.

1 ( +2 / -1 )

And where are the rest of the women?

-1 ( +1 / -2 )

The central bankers shown in the photo might work with the finance ministers. But ultimately they work for the Bank of International Settlements, the central bank of central banks and a privately owned corporation. The politics and 'tensions' is mostly a distraction.

2 ( +2 / -0 )

...tackling issues in multilateral forums such as the World Trade Organization...

Haha! "Tackling"?! Forced technology transfers, IP theft, hacking, etc. were rampant in China during the era of "multilateralism." Finally, now, something is being done about it. And it's not because of the WTO, LOL.

2 ( +3 / -1 )

Terrible photographer ‘ editor. Faces were cut off, some are not facing the camera, etc. Disrespectful.

-2 ( +0 / -2 )

For the common intelligence in me, why are they attacking China when they should be attacking Trump & the U.S.A ???.

-1 ( +1 / -2 )

You want to help us? Hows about not charging ATM fees for customers visiting their own bank atm.

0 ( +0 / -0 )

If there ever was a cheering squad for the world's 1%ers this selfish, sordid crowd represent it.......

2 ( +2 / -0 )

Too much generalities of intentions and no real plan or goals or even objectives stated to make much difference. Let them go through the motions at least and wait for the final announcement.

1 ( +1 / -0 )

We reaffirm our commitment to use all policy tools to achieve strong, sustainable, balanced and inclusive growth, and safeguard against downside risks.

'Right after we finished our foie gras, lobster and champagne' and not before some of us return from Club de Les Girls Avec Tres Grande Boobs'

0 ( +0 / -0 )

Easy solution: forget the US and trade among yourself, drop the US$ as standard and isolate the US. Don't forget what trump said: "America first" and to hell with the rest.

-1 ( +0 / -1 )

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