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G20 Leaders Drop Pledge to Fully Oppose Trade Protectionism

Posted March 20, 2017

Under Economic Issues, International Trade Issues

(Associated Press)

The world’s top economic powers have dropped a pledge to fully oppose trade protectionism amid pushback from the U.S. government of President Donald Trump, who wants to favour American companies and workers more.

Finance ministers at a Group of 20 meeting in Germany issued a statement Saturday that said only that countries “are working to strengthen the contribution of trade” to their economies.

By comparison, last year’s meeting called on them to resist “all forms” of protectionism, which can include border tariffs and rules that favour a country’s businesses over those in another economy. Click here to read more.