G-20 Financial Leaders Criticize Trade Tensions for Impact on Growth

The Group of 20 major economies decried worsening trade tensions and their impact on global growth, with the U.S. and China locked in a protracted trade battle since negotiations fell apart a month ago. Finance ministers and central bankers fretted about the trade and geopolitical tensions and agreed to stand ready with action in case those risks intensify, according to a statement released Sunday after a weekend meeting in Japan. Their statement didn’t mention the tariffs the U.S. and China have used, though the measures and their effect weighed on the officials’ closed-door discussions.