Trade and economy ministers of the Group of 20 major economies met Sunday in Japan to discuss ways to reorder trade rules and finances in an era of technological change and protectionism.
The meetings of financial leaders in the southern city of Fukuoka and of economic ministers in Tsukuba, near Tokyo, are aiming to forge a consensus on a range of issues to be endorsed by leaders who will meet in late June in Osaka.
The central bank governors and other financial regulators meeting in Fukuoka flagged risks from upsets to the global economy as Beijing and Washington clash over trade and technology.
US Treasury Secretary Steven Mnuchin said in a tweet that he had met with his Japanese counterpart, Finance Minister Taro Aso, and discussed "the ongoing close cooperation between the U.S. and Japan across a number of economic and security issues."
But Mnuchin, who has co-led Washington's side in the stalled trade talks with US Trade Representative Robert Lighthizer, said, "I'm hearing concerns if we continue on this path there could be issues. There will be winners and losers."
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