Japan’s finance minister has said it is impossible to tackle trade imbalances one country at a time and that Donald Trump’s tariff war with China and Mexico may just shift the US deficit to different countries.
In an interview with the Financial Times, Taro Aso said next weekend’s G20 finance ministers meeting in Fukuoka, which he is hosting, will be a chance to switch the discussion to a global level.
Mr Trump is deeply embroiled in a trade war with China and plans to levy tariffs on all imports from Mexico unless it steps up efforts to stop illegal migration. The tariffs are scheduled to take effect just hours before Mr Aso sits down with his counterparts in the western city of Fukuoka.
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