Buenos Aires- G20 powers open two days of summit talks in crisis-hit Argentina on Friday after a stormy buildup dominated by US President Donald Trump’s consensus-bucking crusade to realign world trade.
Trump’s “America First” charge, will pay off, when he signs in Buenos Aires, a new North American free trade pact NAFTA. Trump said it was a victory for US workers, saying the old deal cheated them.
Currently Argentine is grappling with increasing inflation and unemployment due to the economic crisis, leading for more calls for the deeply unpopular bailout from the International Monetary Fund.
“There’s a lot of people who don’t have houses and don’t have work. They are not focusing on the people who have needs,” barber Ariel Villegas, 47, said at one protest Thursday outside the Argentine Congress building.
Argentina’s President Mauricio Macri has opened the first of the summit’s two days, however there are mass protest planned for central Buenos Aires on Friday afternoon.
Another hot topic at the G20 will be the tariff war between China and the US, state-run China Daily reported on Friday, that both countries could find a deal in Buenos Aires, but China has warned the United States against pushing too hard on technology, amid US accusations of widespread theft by Beijing.
“Should there be any other aspirations, such as taking advantage of the trade spat to throttle Chinese growth, then an agreement is unlikely to be reached,” the newspaper said in an editorial.
“But a good deal means both sides walking away happy. The US should give its habitual winner-take-all approach to international relations the weekend off,” it said.
Photo credit-The Peninsula Qatar