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© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.G20 finance leaders say trade, other tensions 'intensifying,' but pledge action to counter risks
By Elaine Kurtenbach FUKUOKA©2024 GPlusMedia Inc.
16 Comments
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rlperez@hotmail.com.au
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.
Sh1mon M4sada
'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'
kazetsukai
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.
CrazyJoe
If there ever was a cheering squad for the world's 1%ers this selfish, sordid crowd represent it.......
Arturo Jamilla
You want to help us? Hows about not charging ATM fees for customers visiting their own bank atm.
vinarius@pm.catv.ne.jp
For the common intelligence in me, why are they attacking China when they should be attacking Trump & the U.S.A ???.
talaraedokko
Terrible photographer ‘ editor. Faces were cut off, some are not facing the camera, etc. Disrespectful.
JeffLee
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.
weedkila
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.
ifd66
And where are the rest of the women?
quercetum
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.
dbsaiya
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.
Akie
Impotent, as soft as that.
thepersoniamnow
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).
commanteer
Could be anyone in the picture above. Trump is just the way they distract you from what they are doing.
Chip Star
Who's causing trade tensions? It couldn't be the imbecile in the WH, could it?