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G-20 Agrees On Communique Which "Caters Widely" To Trump, Does Not Mention Protectionism
Update: As we discussed earlier in the day, one of the two main questions heading into today's G-20 summit conclusion in Buenos Aires was whether the participants would agree on a consensus statement. The answer was revealed on Saturday afternoon, when Bloomberg reported that the Group of 20 nations agreed that "the current global trading system has flaws and needs reform", in a communique that however failed to reference protectionism for the first time, a key sticking point for the US delegation. The G-20 representatives agreed to a rather token statement that warns of threats to growth from geopolitics and ... (full story)
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