G20 finance ministers to meet in South Africa amid tariff war

Finance ministers from G20 countries will gather for a two-day meeting in Durban, South Africa. South Africa's presidency is dedicated to 'Solidarity, Equality, Resilience' and aims to discuss important topics such as the cost of capital and financing efforts to combat climate change. Some countries, including the USA, India, France, and Russia, will not participate in this event. The main goal of the meeting is to seek solutions to global challenges during unstable times. President Trump's tariff policy has impacted global trade, raising concerns about division within global forums. Organizers hope that by the end of the meeting, the first communiqué under South Africa's G20 presidency will be adopted, reflecting the countries' consensus on addressing global issues. In the context of rising protectionism and instability in global markets, such meetings are crucial for coordinating joint actions to ensure stability and economic growth.