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US says it is not seeking trade war over tariffs but does not fear one

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United States has said it is not seeking a trade war over tariffs but does not fear one. US Treasury Secretary Steven Mnuchin said this after a meeting of G20 Finance Ministers meet in Buenos Aires.

He said the US is prepared to act in its interest to defend free and fair reciprocal trade. The attending Ministers not agreed to condemn the US move in the final statement, but instead spoke of heightened economic and geopolitical tensions.

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