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Reuters reports comments delivered by the European Commissioner for Economic and Financial Affairs Pierre Moscovici  following the G20 Finance Ministers in Argentina  on Sunday.

Key Points:

Global trade tensions were high and threatened to escalate further, placing the multilateral system under significant pressure.

The economic impact had been limited so far.

“The meeting has not been tense and we were in mutual listening mode and I hope that this is the beginning of something.”

“But still the positions are not similar.”