Global trade war biggest concern at G20 meeting: German minister

Concerns about a global trade war dominated this week`s meeting of finance ministers from the G20 largest industrialised nations in Argentina, German Finance Minister Olaf Scholz told reporters traveling home with him.

Scholz said a large majority of participants expressed concerns about a further escalation in the wake of planned U.S. tariffs on steel and aluminum, and underscored the importance of continuing to warn against "protectionist tendencies."

"It was a success that there were discussions about it," Scholz said, citing talks with the United States. "That at least marks some progress."

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