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Donald Trump victory threatens to throw G20 initiatives into disarray

Argentina veto warning sparks fears conservatives will be emboldened to ditch global deals on climate and tax

Donald Trump’s election as US president is already threatening international initiatives on climate change and taxation, as diplomats from the world’s richest nations struggle to maintain a shaky consensus on the eve of a G20 summit in Brazil.

Argentina and its President Javier Milei, a close ally of Trump, threatened to block a joint communique set to be endorsed by G20 leaders at the Rio de Janeiro meeting that begins on Monday, because of objections related to taxation of the super-rich and gender equality, people briefed on the negotiations told the Financial Times.

Diplomats were racing to reach a final consensus on statements related to climate finance and geopolitical issues such as Russia’s war against Ukraine, the people said, as leaders began arriving in the Brazilian city.

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