US EditionTrump's Tariffs Cloud G20 Finance Chiefs' Meeting in SA
DURBAN, SOUTH AFRICA, JUL 16 – Rachel Reeves highlights UK’s economic strategies and support for multilateral institutions amid global challenges, including inflation hitting an 18-month high, officials said.
- G20 finance chiefs and central bankers met in Durban on July 17-18, 2025, amid concerns over escalating US tariffs and global trade tensions.
- The meeting took place amid growing concerns over President Donald Trump's threatened tariffs, which include duties up to 50% on steel and aluminum and additional tariff increases planned for August 1.
- Absent US Treasury Secretary Scott Bessent, officials sought a final communique to address economic uncertainty, African development, and climate finance within South Africa's G20 presidency framework.
- Germany's Bundesbank chief Joachim Nagel warned a 30% tariff implementation could wipe out Europe's 0.7% growth forecast and possibly trigger a German recession in 2025.
- The meeting highlighted the urgent need for clear global leadership and cooperation to restore investor confidence, though achieving a joint stance remains challenging amid protectionist pressures.
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14 Articles
Africa: G20 Finance Chiefs Approach Consensus in South Africa Despite U.S. Tariff Tensions
Addis Ababa, -- Addisd Ababa, July Finance chiefs of G20 countries expressed optimism for an agreement on a common position on trade and other global challenges on Friday despite U.S. President Donald Trump's tariffs which have overshadowed their meeting, according to Reuters.
Trump's tariffs cloud G20 finance meeting
South Africa urged G20 countries to show global and cooperative leadership to tackle challenges including rising trade barriers, as the club's finance chiefs met on Thursday under the shadow of President Donald Trump's tariff threats. The G20, which emerged as a forum for cooperation to combat the 2008 global financial crisis, has for years been hobbled by disputes among key players that have been exacerbated by Russia-Ukraine war and western sa…
Economic uncertainty cannot be new norm, says Canada at G20
DURBAN - Major economies cannot allow uncertainty to become the new norm even though they face a novel world of growing trade restrictions and tariffs, Canada's finance minister said on Thursday. Read more at straitstimes.com.
Trump's tariffs cloud G20 finance chiefs' meeting in SA
South Africa urged G20 countries to show global and cooperative leadership to tackle challenges including rising trade barriers, as the club's finance chiefs met today under the shadow of President Donald Trump's tariff threats.
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