In a historic meeting, leaders of the world’s largest economies have arrived in Brazil for the much-anticipated G20 summit, taking place this year in Rio de Janeiro. The summit, which brings together heads of state from 19 countries, along with representatives from the European Union and the African Union, is expected to focus on a range of global challenges, from post-pandemic economic recovery to climate change, trade, and international security.
Although Joe Biden is attending the event, many will be grappling with what Trump’s “America First” agenda will mean for the global economy.
Trump has a fundamentally different worldview than Biden, favoring bilateral meetings where he can practice transactional diplomacy instead of multilateral partnerships like NATO.
However, according to government officials, Biden will use the trip to send the message that the United States values and invests in its alliances and to thank those who have helped address a range of global issues.G20
The G20 is the forum for economic cooperation among the 19 largest economies in the world, along with the European Union and, starting in 2023, the African Union. With an annual rotating presidency, the G20 operates in annual cycles, involving various ministerial and technical meetings that culminate in the summit of heads of state and government. In Rio, the G20 summit will be held on November 18 and 19, 2024.Sources: Reuters and CNN