The world''s financial leaders sought on Monday to endorse free trade amid concerns over US tariffs on steel and aluminium, while the United States said it could not sacrifice its national interests to make the system work. Finance ministers and central bank governors of the world''s 20 biggest economies are meeting in Buenos Aires to discuss the global economic outlook, capital flows, cryptocurrencies like bitcoin, and how to stop corporate tax avoidance.
But since US President Donald Trump''s decision on March 8 to impose tariffs of 25 percent on steel and 10 percent on aluminium, trade has become the focal point of the meeting. "I am seriously concerned that the foundation of our prosperity - free trade - is being put at risk," German Finance Minister Olaf Scholz told German mass-selling newspaper Bild.
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