G20 Backs Action on Trade
Financial leaders from nineteen G20 nations agreed to address nonmarket policies and export distortions. The group targeted China during the summit while discussing global debt and inflation pressures.
Insights:
Nineteen United States financial leaders backed trade action against China during a two-day meeting ending Tuesday in Asheville, North Carolina. The gathering focused heavily on non-market policies causing global export imbalances. The coordinated push signals rising international pressure on Beijing's industrial subsidies.
