Over the weekend finance ministers and central bankers from the world’s leading economies met in Buenos Aires, Argentina. Their statement noted the ‘heightened trade and geopolitical tensions’ and the risks to global growth which include ‘rising financial vulnerabilities, inequality and structurally weak growth, particularly in some advanced economies’. French finance minister Bruno Le Maire told reporters ‘’we refuse to negotiate with a gun to our head’’, aiming at US steel tariffs, while US Treasury secretary Mnuchin said, ‘’if Europe believes in free trade, we’re ready to sign a free trade agreement’’.
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