Fukuoka, Japan.-This Saturday, ministers and finance managers of the Group of 20 countries with the world’s largest economy met in Japan with the intention of seeking solutions and formulas to adapt the sector to a time of commercial warfare and digital disturbances S. Governors of central banks and other financial regulators who gathered in Fukuoka, a port city in southern Japan, also pointed to the risks of upheavals in the global economy in a commercial and technological warfare environment between China and United States. Asked whether other summit attendees raised concerns about the impact on global markets and the trade of President Donald Trump’s crusade against America’s huge and chronic trade deficits, Especially with Japan, US Treasury Secretary Steven Mnuchin said no. Trump and the members of his government argue that the billions of dollars of tariffs imposed on Chinese imports over the past year are creating new business opportunities in the United States and other countries.
But Mnuchin recognized that growth has slowed in Europe, China, and other regions.
I’m hearing concerns that if we follow this path there might be problems: there will be winners and losers
The Treasury Secretary pointed out. G20 Agenda: Criptomonedas and taxes on digital platforms
G20 finance officials are expected to express their support for monetary policy adjustment, for example, by lowering lending with interest-rate reduction, in the communiqué to be released at the end of the summit on Sunday. His official Saturday agenda focuses on more technical and long-term issues such as improving corporate governance standards, monitoring Criptomonedas and reforming tax systems to ensure that they are fair to both Traditional companies like Internet-based digital companies.
Ensuring that governments receive a fair share of the benefits of huge business growth such as Google and Amazon has gained prominence over the years that the group’s finance chiefs have been debating the reforms needed to avoid Tax evasion and to modernize policies that coincide with a financial panorama transformed by technology. Countries that make up the G20
Japan, the world’s third largest economy, is hosting the G20 Summit for the first time since its creation in 1999. The group includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, Great Britain, the United States and the European Union.
Original source in Spanish