Newsweek World
  • Business
  • Economics
  • Markets
  • Technology
GO ADD-FREE
  • Login
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology
No Result
View All Result
Newsweek World
  • GO ADD-FREE
  • Login
Home Economics

G20 Nears Trade Agreement Despite U.S. Tensions

Marco Sorenson by Marco Sorenson
July 18, 2025
in Economics
G20 Nears Trade Agreement Despite U.S. Tensions

The G20 finance officials expressed positive expectations about achieving collective agreements on worldwide trade matters and economic issues at their Durban summit despite the U.S. tariff policies implemented by President Donald Trump.

The finance ministers together with central bank governors are now near agreement on a joint statement after their February failure according to delegates who spoke on Friday. The non-binding agreement would mark a significant achievement following multiple months of difficult negotiations.

Canadian Finance Minister François-Philippe Champagne described the atmosphere as “cautiously optimistic.” A representative from another G20 nation confirmed that secret diplomatic negotiations were making progress.

The host nation South Africa has made African economic matters such as high borrowing costs and climate financing central to the discussion. The main obstacle to reaching an agreement with Washington remains the need for acceptable language since U.S. Treasury Secretary Scott Bessent chose not to attend the summit.

The U.S. Treasury Secretary Scott Bessent skipped both the February meeting and the current summit thus making it harder to coordinate policies as the U.S. prepares to lead the G20 in December. The U.S. officials have maintained their involvement through unofficial communication channels according to delegates.

South Africa’s central bank governor emphasized that all G20 nations participated in the dialogue despite the absence of ministers from China Brazil and France while maintaining productive discussions.

Tags: G20
Previous Post

Reckitt Sells Essential Home Stake to Advent for $4.8 Billion

Next Post

Senator Demands Pentagon Probe Microsoft’s Use of Chinese Engineers

Related Posts

UK Regulator Clears Boeing’s Spirit AeroSystems Takeover
Economics

UK Regulator Clears Boeing’s Spirit AeroSystems Takeover

Trump Call for Intel CEO Exit Adds to Turnaround Strain
Economics

Trump Call for Intel CEO Exit Adds to Turnaround Strain

WK Kellogg Misses Estimates as Cereal Demand Softens
Economics

WK Kellogg Misses Estimates as Cereal Demand Softens

Trump Moves to Add Alternatives to 401(k) Retirement Plans
Economics

Trump Moves to Add Alternatives to 401(k) Retirement Plans

Novavax Ups Forecast on Vaccine Partnership Revenues
Economics

Novavax Ups Forecast on Vaccine Partnership Revenues

JPMorgan Warns Key Tariffs Likely to Outlast Trump Presidency
Economics

JPMorgan Warns Key Tariffs Likely to Outlast Trump Presidency

Next Post
Senator Demands Pentagon Probe Microsoft’s Use of Chinese Engineers

Senator Demands Pentagon Probe Microsoft’s Use of Chinese Engineers

Newsweek World
Linkedin Instagram X-twitter Facebook
Business >
Economics >
Markets >
Technology >

Company
About us
Authors

Company
About us
Authors

Contact
Contacts

Terms of Use
Terms & Conditions
Privacy Policy

Editions:
World
U.S. Edition
New York
Español
中文 (简体)
Português
Français
Italiano
Norsk
Svenska
Türkçe

Contact
Contacts

Terms of Use
Terms & Conditions
Privacy Policy

© 2025 Newsweek World.
All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economics
  • Markets
  • Technology

© 2025 Newsweek World. All rights reserved.

  • Español
  • Português
  • 中文 (简体)
  • 日本語
  • Français
  • Italiano
  • Norsk
  • Svenska
  • Türkçe