Prelims level : International Mains level : Governance, Constitution, Polity, Social Justice and International Relations
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Why in News:

  • President Donald Trump and China’s Xi Jinping could meet on the sidelines of the G20 summit to hash out their differences on trade, but no new talks are scheduled.


  • The world’s top two economies ended two days of negotiations in Washington with no deal The G20 summit is scheduled to take place in Osaka on June 28-29.
  • Mr. Trump ordered new punitive duties, on $200 billion worth of Chinese imports, raising them to 25% from 10%.
  • He then ordered a tariff hike on almost all remaining imports — $300 billion worth

Group of 20:

  • The G20 (Group of 20) is an international forum which includes 19 of the world’s largest
  • economies and the European Union.
  • G20 is a forum for economic, financial and political cooperation. It addresses the major global challenges and seeks to generate public policies that resolve them.

Significance of G20:

  • Together, the G20 members represent
  • Two thirds of the world population. 85% of the global gross product.
  • 75% of international trade.
  • 80% of global investments in research and development.
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