OECD's Gurria Sees 'Drastic Impact' From Trade on Global Growth

The video discusses the G20 meeting, focusing on trade tensions between the US and China and their global economic impacts. It highlights the slowdown in global growth, with projections revised down due to trade issues. The US, being self-sufficient, may face less immediate impact, but global markets, including Europe, are affected. The video also covers the problem of excess steel capacity and the role of tariffs, emphasizing the need for negotiation. Finally, it addresses shifts in the oil market, with changes in production and consumption patterns.

What is the significance of the meeting between President Trump and President Xi Jinping in the context of global trade?

What are the potential consequences of tariffs on steel as discussed in the text?

How is the global oil market changing, and what factors are influencing these changes?