G20 Finance Heads Urge End to Imbalance-Fueling Nonmarket Policies
All G20 members except China backed a push to curb export-heavy policies and market distortions that officials said deepen global imbalances.
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6 Articles
G20 finance chiefs except China back
ASHEVILLE, North Carolina — The Trump administration won backing from all G20 financial leaders except China's on Tuesday to act against "non-market" policies and distortions that cause over-reliance on exports and hinder growth elsewhere.
China has blocked a common position at the G20 amid a dispute with other major economies over measures to curb global trade imbalances. Beijing has opposed wording agreed between the US and other participants that calls for the elimination of “non-market policies and practices” that exacerbate global trade imbalances, the Financial Times reported.
G20 meeting in Asheville discusses trade imbalancesG20, except China, supports measures against trade-surplus distortions
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