The club of finance ministers and central bankers who’ve steered the global economy through a quarter century of market meltdowns, recessions, wars and the pandemic meet this week facing new headwinds to their goal of broader prosperity — tariffs and the imminent threat of trade wars.
The erosion of multilateralism threatens global growth and stability, President Cyril Ramaphosa warned Wednesday at a G20 finance meeting in South Africa marked by the absence of the US treasury secretary.
China came out in support of U.S. President Donald Trump's bid to strike a deal with Russia to end the war in Ukraine, at a G20 meeting in South Africa on Thursday, while U.S. allies rallied around Ukrainian President Volodymyr Zelenskiy.
The G20 comprising 19 developed and developing countries has witnessed the storm in global diplomatic circles by US President Donald Trump. At the
However, Trump has been tough on Russia in the past. In 2019, he approved anti-tank missile sales to Ukraine. He also withdrew from the Intermediate-Range Nuclear Forces Treaty blaming Russian violations. And he issued economic sanctions against a Russian ship involved inbuilding the Nord Stream 2 gas pipeline.
PM travelling to Washington following his weekly Commons grilling after announcing dramatic increase in UK’s war chest
As the G20 foreign ministers' summit begins in Johannesburg, the US sends junior officials, reflecting Trump’s shifting global stance.