As South Africa hosts a key G20 finance summit, the U.S. Treasury Secretary will be absent from the meeting. And it’s the second time this year that the Americans are absent to a gathering of the bloc that brings together 19 of the world’s biggest economies as well as the European Union and the African Union. The snub appears to signal a deepening distrust by the US of multilateral forums, growing tensions between the Americans and the BRICS countries as well as the nations of the European Union, and a hardline “America First” trade agenda.
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