G7 leaders arrive for summit in Biarritz in shadow of US-China trade war
The G7 summit has begun in the shadow of a US-China trade war, with protests planned around the Biarritz event throughout the weekend, Euronews reports.
On Friday, Beijing announced it would raise tariffs on US goods worth around €68 billion.
A retaliatory measure taken in response to Washington imposing additional €270 billion tariffs on Chinese goods, set to come into effect from September and mid-December.
US President Donald Trump responded to China on Twitter saying that the vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must stop.
Trump also ordered American companies to immediately begin the search for alternative trading options to China; be it relocating companies or relocating production to the US.
This is the latest episode in the long-running trade war between the two richest countries with repercussions being felt worldwide. Both the World Bank and International Monetary Fund have lowered their economic growth forecast for this year. They now predict it will between 2.6 and 3.2%.
But these aren't just numbers. As the World Bank highlighted in its last report; stronger economic growth is essential to reducing poverty and improving living standards.
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- 12:37 • 03.04.21 Armenians of Nagorno-Karabakh in Despair After Trauma of Military Defeat - France 24
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- 12:16 • 23.10.20 Artsakh Defense Army Neutralizes Azerbaijani Military Hardware
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- 10:35 • 22.10.20 President Armen Sarkissian Meets with NATO Secretary-General in Brussels
- 10:51 • 17.10.20 Buildings and Homes Lying in Ruins in Nagorno-Karabakh's Capital After Azerbaijani Shelling
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- 14:11 • 09.10.20 Turkey openly backs Azerbaijan 'far more aggressively than in the past' - ABC News on Syrian mercenaries fighting in Karabakh
- 15:52 • 08.10.20 Iconic Armenian Church Hit in Azerbaijani Attacks in Nagorno-Karabakh City (photos)
- 10:57 • 08.10.20 Artsakh Defense Army Continues High-Precision Strikes
- 14:24 • 07.10.20 War Situation in Karabakh on European Parliament's Agenda
- 19:31 • 05.10.20 Call for Urgent Action: Armenian Journalist Brings Intn'l Colleagues' Attention to Situation iin Artsakh After Azerbaijani Attacks
- 16:17 • 04.10.20 Turkey's Support to Syrian Mercenaries Fighting Against Artsakh: Facts About Azerbaijani Aggression
- 12:39 • 04.10.20 Nagorno-Karabakh's Capital Under Azerbaijani Strikes
- 13:49 • 03.10.20 Armenian Armed Forces Neutralize Azerbaijani Defense Positions
- 10:12 • 29.09.20 ArmenianTroops Destroy Azerbaijani Armored Fighting Vehicle on Frontline
- 23:42 • 28.09.20 There is a solid evidence that Azerbaijan has launched a thoroughly planned attack on the NKR
- 18:45 • 28.09.20 EU calls for Immediate End to Hostilities over Nagorno-Karabakh
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