G20 fails to mend trade rift, chair urges members to resolve disputes

The United States and China have slapped tit-for-tat tariffs on hundreds of billions of dollars of each other's goods over the past few months

Trade tensions within the Group of 20 leading industrialised and emerging economies could only be solved by the countries directly involved, the chairman of a meeting of finance leaders from the G20 said after a gathering in Bali on Friday.

Taking place on the sidelines of the International Monetary Fund and World Bank meetings on the Indonesian island, the G20 meeting provided little more than a forum for member countries to put their viewpoint on an escalating tariff war between the United States and China, the world's two biggest economies.

"We recognise we are now facing trade tensions among members of the