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Japanese Finance Minister Aso: Tariffs are Not the Appropriate Means to Rectify Trade Imbalances
2 week ago /
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Author：小编
During the G20 summit, Japanese Finance Minister Taro Aso asserted that tariffs are not the appropriate means to address trade imbalances, underscoring the necessity for nations to tackle this issue through internal efforts. He emphasized that tariffs fail to genuinely resolve the issue of excessive current account imbalances. Notably, U.S. Treasury Secretary Steven Mnuchin was absent from this meeting. Furthermore, Aso highlighted the significance of maintaining an open, free, and multilateral trading system, alongside predictable economic management, and urged countries to monitor excessive fluctuations in foreign exchange markets.
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