G-20 leaders wary of trade war sapping potential for global growth

Many leaders of the Group of 20 major economies on Friday expressed concerns over an escalating trade war between the United States and China, identifying it as a serious downside risk to the global economy, along with geopolitical tensions in the Middle East.On the first day of their two-day summit in Osaka, the leaders assessed the status of the global economy while skepticism persists over whether they can jointly uphold the rules-based, multilateral trading system."Concerns were expressed by many countries about heightened trade tensions," a senior Japanese government official said.The …READ FULL ARTICLE