Global Trade Tensions Are 'So Elevated'

Global trade tensions have become "so elevated," according to the central bank chief of South Africa, which chairs the G20.

- Bloomberg

"The tit-for-tat that takes place means we might actually not be talking to each other," Lesetja Kganyago told reporters in Washington after meetings of Group of 20 finance ministers and central bank governors.

"Even when a hand is being extended so that one country is reaching out, we might not see that hand because things have become so tense." He spoke alongside Finance Minister Enoch Godongwana, who said that US treasury secretary Scott Bessent attended some of the meetings, which took place late on Wednesday and early on Thursday.