Finance leaders of the Group of 20 major economies will steer clear of promises ...
FUKUOKA, Japan - Finance leaders of the Group of 20 major economies will steer clear of promises to avoid protectionism in a communique on Sunday amid escalating U.S.-China trade tensions, officials say, casting doubt on their ability to take a united front in averting a global recession.
Bank of Japan Governor Haruhiko Kuroda said while global growth was expected to rebound at the latter half of this year, trade tensions were making the outlook uncertain. Relations between the United States and China have deteriorated since Trump in early May accused Beijing of reneging on commitments to change its ways of doing business with the rest of the world. Washington raised tariffs on Chinese goods and threatened new levies, while Beijing has retaliated.
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