G20 Summit in Rio begins: global trade, climate change on world leaders’ agenda

Drafting a associated connection has been contentious, with diplomats struggling to support statement connected addressing the Ukraine war, according to Reuters. European leaders pushed to revisit connection connected planetary conflicts pursuing a monolithic Russian airstrike connected Ukraine connected Sunday. Meanwhile, Biden announced the US volition assistance restrictions connected Ukraine’s usage of US-made weapons for strikes wrong Russia.

US President Joe Biden, left, shakes hands with India’s Prime Minister Narendra Modi during the G20 Summit leaders meeting. (AP photo)

Security heightened successful Rio

Security measures person been intensified successful Rio, with troops supporting constabulary during the summit. Hours earlier the event, Brazilian troops patrolling adjacent a slum faced gunfire, but nary injuries were reported.

Shifting priorities and tensions

China’s President Xi Jinping, left, talks with Germany’s Chancellor Olaf Scholz. (AP photo)

Brazil’s G20 agenda, centred connected sustainable development, taxing the super-rich, and combating poverty, could perchance look absorption erstwhile US President-elect Donald Trump assumes office. Brazil’s propulsion for reforms successful planetary fiscal institutions whitethorn besides brushwood hurdles nether a Trump-led administration.

Biden, arriving arsenic a lame-duck president, emphasised clime practice by pledging further funds to the World Bank’s International Development Association and launching a cleanable vigor concern with Brazil. China’s Xi Jinping is expected to beforehand the Belt & Road initiative, contempt Brazil’s refusal to join. Xi volition reason his sojourn with a authorities gathering successful Brasilia connected Wednesday.

Brazil’s President Luiz Inacio Lula da Silva, right, and Chile’s President Gabriel Boric talk. (AP photo)

Economic and commercialized implications

The summit’s commercialized talks are overshadowed by fears of an escalation successful the US-China commercialized war, arsenic Trump plans caller tariffs. Efforts to see taxation of the super-rich successful the summit’s communique person already faced pushback, with Argentina refusing to o.k. the proposal.

(With inputs from Reuters)