G-20 finance ministers and central bankers gathered in Buenos Aires for a two-day summit on the week that Trump's tariffs — of 25 percent on imported steel and 10 percent on aluminum imports — enter into force.
Spain's economy minister said that several countries attending the summit were critical of protectionist measures, while Argentina's treasury secretary said there is no vision that the world is nearing a trade war, and U.S. Treasury Secretary Steven Mnuchin said the tariffs were hardly an issue at the summit.
"Free and fair trade is something that we believe in. This is not about protectionism, but it's about fair and free reciprocal trade," Mnuchin said at a press conference.
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