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All articles tagged with #g20

EU Trade Chief Warns China Talks Stalled Ahead of Critical October Deadline
international-trade7 days ago

EU Trade Chief Warns China Talks Stalled Ahead of Critical October Deadline

EU Trade Commissioner Maroš Šefčovič admitted that months of 'tough' negotiations with China have not yet yielded a deal, despite urgent pressure from European leaders. With a €1 billion daily trade deficit driving industrial closures in Europe, Šefčovič is traveling to Beijing on October 8 for a 'super crucial' meeting with Chinese Commerce Minister Wang Wentao. The EU seeks concrete results by October 15 to present to leaders in Brussels, threatening unilateral restrictions on Chinese imports if talks fail. Key issues include curbing Chinese export surges, boosting EU exports to China, and resolving rare earth supply curbs. While China has signaled willingness to discuss these topics, it has warned against punitive measures, creating a high-stakes diplomatic standoff.

via politico.eu|
#eu-china-trade#g20#international-trade
Global Trade Consensus Forms on Excess Capacity Despite US Tariff Friction
economy8 days ago

Global Trade Consensus Forms on Excess Capacity Despite US Tariff Friction

Global trade sentiment is shifting as G20 nations increasingly accept that large trade imbalances and excess production harm domestic industries, a view previously championed primarily by the US. This consensus emerged despite ongoing friction from US tariffs, with new agreements in Milwaukee and Asheville acknowledging the need for evidence-based actions against overcapacity.

via Axios|
#economy#g20#global-economy
G20 Trade Ministers Convene in Milwaukee Amid Tariff Tensions and Labor Protests
global-economy10 days ago

G20 Trade Ministers Convene in Milwaukee Amid Tariff Tensions and Labor Protests

G20 trade ministers are meeting in Milwaukee, Wisconsin, to discuss global trade policy under the US rotating presidency. The two-day gathering is overshadowed by President Donald Trump’s recent tariff actions, including new duties on 60 countries over forced labor concerns and ongoing investigations into industrial overcapacity. While US Trade Representative Jamieson Greer asserts the administration is not anti-trade, analysts expect deadlocked negotiations. Local labor leaders and critics are protesting outside the venue, arguing that current policies have failed to revive manufacturing and have instead harmed workers and small businesses.

via Urban Milwaukee|
#g20#global-economy#labor-unions
Manchester set to host 2027 G20 summit with Trump among attendees
world18 days ago

Manchester set to host 2027 G20 summit with Trump among attendees

Manchester will host the 2027 G20 leaders’ summit at the Manchester Central Convention Centre on 27–28 November, welcoming world leaders including Donald Trump. Prime Minister Andy Burnham, a former Manchester mayor, said he’s pleased to host and that preparations will ramp up with substantial local involvement. The UK will hold the G20 presidency next year with related events nationwide. The G20 comprises 19 economies plus the EU and African Union, representing about two-thirds of the global population and more than 85% of world wealth; the gathering will be the largest summit ever held in Manchester, following context like security costs from past summits.

via BBC|
#andy-burnham#donald-trump#g20
Drones Over Ukraine as Kyiv Targets Russian Oil Hubs
world26 days ago

Drones Over Ukraine as Kyiv Targets Russian Oil Hubs

Russia launched 453 drones across Ukraine overnight, with 409 neutralised and 13 locations hit, including Stryi and Kharkiv; casualties reported in Izyum and Kharkiv region. Ukraine responded by striking oil facilities in Russia’s Tatarstan and the Slavyansk-ECO refinery in Krasnodar Krai. Both sides are targeting energy infrastructure ahead of winter. Zelenskyy said he would attend the G20 in Miami to meet Putin, but Moscow called such a meeting impossible, while Lavrov signalled there would be no end to Russia’s ‘special military operation’ in peace talks.

via Euronews.com|
#drones#g20#oilrefineries
Kremlin rules out Miami talks, insisting on Moscow as Putin–Zelensky venue
world27 days ago

Kremlin rules out Miami talks, insisting on Moscow as Putin–Zelensky venue

Zelensky said he would meet Putin at the Miami G20 to discuss ending the war, but the Kremlin rejected the idea, saying any meeting must take place in Moscow. Kyiv warned of a difficult winter amid ongoing Russian strikes and a shrinking Ukrainian GDP, while Washington pressures for renewed talks and U.S. and allied envoys have recently visited both capitals; no venue or date has been set.

via France 24|
#diplomacy#g20#putin
Sanctioned Russian finance minister sparks friction at US-hosted G20
world1 month ago

Sanctioned Russian finance minister sparks friction at US-hosted G20

At a U.S.-hosted G20 summit in Asheville, Russian Finance Minister Anton Siluanov—under U.S. sanctions—attended for the first time on American soil, drawing concern from Ukraine’s European allies who warned against treating Moscow as a normal participant. U.S. officials, including Treasury’s Scott Bessent, emphasized that Russia remains economically isolated and that sanctions policy would be pursued privately while the war in Ukraine continues. The sidelines talks underscored ongoing tensions over Russia’s role in the G20 amid calls from European partners not to normalize Moscow’s participation.

via NBC News|
#g20#russia#sanctions
China Dissent Spoils G20 Consensus on Non-Market Export Distortions
world1 month ago

China Dissent Spoils G20 Consensus on Non-Market Export Distortions

China was the sole dissenter from a G20 statement labeling non-market policies and persistent surpluses as unsustainable. Nineteen other members plan actions in coming days to resolve the imbalances. Beijing objected to paragraphs calling for elimination of non-market practices and to notes on Strait of Hormuz disruptions, IMF surveillance, and external-debt issues. Treasury Secretary Scott Bessent urged China to work toward a solution on Iran, given shared interests and energy ties.

via CNBC|
#china#export-distortions#g20
Russia Returns to G20 Table as US Shuts Out Some Journalists
world1 month ago

Russia Returns to G20 Table as US Shuts Out Some Journalists

At the G20 finance ministers meeting in Asheville, the United States invited Russia to attend in person (Anton Siluanov at the table) while denying accreditation to several journalists, sparking dismay among some ministers. The talks focused on lifting global growth amid energy shocks and an AI investment boom, with U.S. officials pushing deregulation and China rebalancing, while stressing that Russia will not receive economic relief while the war in Ukraine continues.

via Yahoo Finance|
#g20#growth#journalists