Divided G20 admits worsening trade wars pose risk to world economy

The world's top financial policymakers admitted Sunday that trade tensions had worsened and posed a risk for the global economy, after a G20 meeting that laid bare differences between the United States and other nations.

Following 30 hours of wrangling in what one official described as a "tense" atmosphere, G20 finance minister and central bank chiefs produced a hard-fought final statement acknowledging that "growth remains low and risks remain tilted to the downside."
As a compromise pushed by Washington, the statement omitted language from a previous draft that mentioned a "pressing need to resolve trade tensions."
"In our view, this is the best outcome we could deliver. Not the perfect outcome but a good outcome," said EU Economic and Monetary Affairs Commissioner Pierre Moscovici, who admitted that reaching agreement was "not an easy task."
"I wouldnt say it's them against all the others but it looks like it sometimes, even if everyone also criticises some aggression from China." -
He said the US had "significant concerns" and stated "I don't like them."