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WASHINGTON (AP) -- The world's most important economies are going home to look after themselves. They left their summit without any meaningful agreement, finding it ever harder to cooperate and more likely to erect trade barriers to protect their own interests.
The U.S. couldn't persuade other countries to pressure China to stop manipulating its currency or limit their own trade surpluses and deficits. The Americans faced charges of doing some currency manipulation of their own by pumping $600 billion into their economy.
"I think it's fair to say we did not resolve those issues here," Harper told reporters in Seoul.
But he said G20 leaders agreed that more attention should be paid to trade and currency issues.
"We have got a process for continued engagement. We've got a timeline around that," Harper said. "These are not going to be easy issues to resolve. But I think we've got everyone talking the same language."
Originally posted by asperetty
is it possible that a country can get repossessed? seriously, if a homeowner cannot afford to pay his bills, then everything he has is taken away until it amounts to the debt owed. why can't the same happen to a country, especially when the States are literally just one large corporation with a board of directors called the FED?
Originally posted by projectvxn
The wild card is how far out of control this trade war will get. War, in my opinion, is on the horizon.
Originally posted by asperetty
is it possible that a country can get repossessed? seriously, if a homeowner cannot afford to pay his bills, then everything he has is taken away until it amounts to the debt owed. why can't the same happen to a country, especially when the States are literally just one large corporation with a board of directors called the FED?