NewsDialy
A diplomatic row at the G20, the forum where the world's twenty largest economies coordinate on trade and financial policy, has become public accusation days before Chinese President Xi Jinping and U.S.
President Donald Trump are expected to meet. Beijing says two specific pressures are harming the global economy: U.S. tariffs imposed by the Trump administration, and the energy crisis produced by the Iran war.
Tariffs, in plain terms, are taxes a government charges on goods entering from other countries. They do not stay at the border where they are collected.
When a major economy applies them widely, the added costs move through global supply chains and show up in prices in countries that had no part in the original trade dispute.
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