Trade War a Hot Topic at G20 Meeting

Concerns about a global trade war dominated this week’s meeting of finance ministers from the G20 largest industrialised nations in Argentina, German Finance Minister Olaf Scholz told reporters traveling home with him.

Scholz said a large majority of participants expressed concerns about a further escalation in the wake of planned U.S. tariffs on steel and aluminum, and underscored the importance of continuing to warn against “protectionist tendencies.”

“It was a success that there were discussions about it,” Scholz said, citing talks with the United States. “That at least marks some progress.”

via kitco

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza