Business Standard

G20 leaders agree to Trump on flawed global trade system, call for changes

Some officials said just having a statement was a good result, given intense wrangling over issues like trade, migration and climate

World leaders meet at G20 summit
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World leaders meet at G20 summit

Raymond Colitt , Josh Wingrove , and Jennifer Epstein | Bloomberg
Leaders of the world’s largest economies agreed the global system of rules that’s underpinned trade for decades is flawed, in a post-summit statement Saturday that the White House quickly claimed as a win for Donald Trump’s protectionist agenda.

The Group of 20 communique was the culmination of days of round-the-clock talks. Some officials said just having a statement was a good result, given intense wrangling over issues like trade, migration and climate. Still, the watered-down language suggests further tests ahead for advocates of globalization and institutions like the World Trade Organization.

The statement issued at the end of the two-day

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