The United States aims to pare the Group of 20 major economies back to its financial roots next year when it takes over the rotating presidency from South Africa, sources familiar with the Trump administration's plans said.

US set to shift its approach towards G20 when it takes over group’s rotating presidency from South Africa in December.

U.S. tariffs have strained the G20’s multilateral foundations and complicated South Africa’s efforts — as this year’s rotating president — to keep the group’s agenda on course.

Addressing leaders at the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings, the SARB Governor highlighted the systemic risks posed by the insurance gap.

This week’s deliberations in KwaZulu-Natal saw member states stuck on sustainable financing before finding consensus with each other on a range of common global challenges.

DURBAN (Reuters) -Major economies cannot allow uncertainty to become the new norm even though they face a novel world of growing trade restrictions and tariffs, Canada's finance minister said on Thursday.

Japanese finance chief raises concern about how economy, financial markets will be affected by uncertainty around US tariffs, Jiji Press reports - Anadolu Ajansı