BUENOS AIRES - A trade war is now a reality, French Finance Minister Bruno Le Maire has warned as G20 ministers gather for a summit in Argentina.
The current US trade policy of imposing unilateral tariffs is based on "the law of the jungle", he said.
But US Treasury Secretary Steven Mnuchin defended the tariffs and urged the EU and China to open their markets to allow free competition.
Last week, US President Donald Trump described the EU as a "foe" on trade.
Mr Trump later threatened to impose tariffs on all $500bn (£380bn) of Chinese goods entering the US in a growing trade row.
The US has large trade deficits with both the 28-member EU and China.
The two-day talks in Buenos Aires bring together finance ministers and central bankers of the world's top 20 economies.(FA)

Banners

Videos