But the US Finance Minister Steven Nuchen has been calling for clemency on duty, as well as to open the European Union (EU) and China's market for free trade competition.
Earlier, last week US President Donald Trumpp called the European Union a trading enemy. He threatened to impose a $ 500 billion tax on the entry of Chinese products in the US market after a growing trade war.
There is a huge trade deficit of 28 member states with the European Union and China. The conference is being held in the Argentine capital Buenos Aires with the participation of the finance ministers and central bank governors of the world's top 20 economies.
French lawmakers AFP Lee Myre said that the world trade can not continue on the basis of jungle law and the principle of imposing a one-sided rising tariff is nothing but jungle law. World trade relations can not be the future of the jungle laws and fair fair laws.