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The global financial leaders Monday seeking to unequivocally support free trade, and renounced the protectionist stance, as in the United States tariffs on imported steel and aluminum, and will take further action on the China tariff, fears they could trigger a trade war, and global growth and loss.
The finance ministers and central bank president of the 20 largest economies in the world gathered in Buenos Aires to discuss the economic prospects, capital flows, bitcoin and other encrypted currencies, and how to prevent multinational companies from evasion of taxes.
But after US President Trump unilaterally decided to impose 25% and 10% tariffs on imported steel and aluminum in March 8th, the issue of trade became the focus of the conference.
"I am very concerned about the foundation of our prosperity today -- free trade, which is at risk," Scholz, German finance minister, told Olaf Scholz, a widely circulate newspaper in Germany.
"Protectionism is not a solution to the difficulties we face at present. The situation is very serious, "he said. In addition, he also pointed out that the word "war" would be used carefully.

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