G20 tagged posts

G20 Summit: Is the US Losing its Global Leadership?

G20 US leadership

Fact is, it’s the other way round: Global leadership has lost he US – and for good.

The Buenos Aires G20 summit cemented, what really is US president Trump’s political strategy: Washington does not even care for a US leadership role – it’s just cutting deals. Trade trouble with China? The intermediate fixing sounds easy and fair: Trump stops tariffs on 200 billion US$ imports from China – and Beijing agrees to buy more US goods, mainly in the sectors agriculture, energy and industry, but without commitment to defined thresholds as yet; and in the aftermath, Trump tweeted, that Chinese tariffs on US cars, recently raised to a whopping 40%, would be reduced; Beijing had lowered other cars‘ tariffs  from 25% to 15%...

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