Latest news with #Finance Minister
Bloomberg
2 days ago
- Business
- Bloomberg
Italy's Giorgetti Is Worrying About Fallout From the Trade War
Italian Finance Minister Giancarlo Giorgetti said he's concerned about potential damage to European economies from trade tensions and the weakening of the US dollar. 'We are worried about the impact of economic uncertainty and persistent commercial tensions on our economies,' Giorgetti said on Friday, speaking from South Africa where he is attending a Group of 20 meeting of finance ministers. 'The weakening of the US dollar is adding to the impact of higher tariffs.'
Reuters
2 days ago
- Business
- Reuters
Japan finance minister calls for vigilance against FX volatility
July 18 (Reuters) - Japanese Finance Minister Katsunobu Kato on Thursday called for vigilance against excessive foreign exchange volatility at the meeting of finance leaders from the Group of 20 major economies in South Africa. "I told the meeting that based on the existing G20 foreign exchange commitments, we should continue to be cautious about excessive volatility driven by speculative movements," he told a press conference after the first day of the meeting. Japan's currency this week touched its weakest level since early April against the dollar and a one-year low against the euro, as polls showed Prime Minister Shigeru Ishiba's coalition was in danger of losing its majority in the upper house. Kato also said he had expressed concerns to his G20 counterparts about the impact of U.S. tariffs on global economies and financial markets. "Tariffs are not an appropriate measure to correct the current account imbalance," he said, adding that G20 should address the issues of imbalance though calm and constructive dialogue.
Bloomberg
3 days ago
- Business
- Bloomberg
Canada Finance Chief Downplays Odds of Reaching Tariff-Free Deal with US
Canada's finance minister signaled that any trade deal with the US is likely to include at least some tariffs, and repeated that the country's dairy and poultry protections won't be on the table during negotiations. 'There's not evidence to suggest that you can have a trade deal with the US without tariffs,' Finance Minister François-Philippe Champagne said Thursday in an interview with Bloomberg Television.
