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World Economy's Guardians Signal Readiness to Cushion Trade Risk

  • Officials repeat past commitments on foreign exchange policies
  • Mnuchin and Yi Gang have ‘candid’ talks on trade issues
A cargo truck driver talks to a fellow driver, while lining up to cross to the United States near the US-Mexico border. 

Photographer: Guillermo Arias/AFP via Getty Images

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After days of wrangling over the wording of a communique, finance chiefs from the world’s largest economies warned that escalating trade and geopolitical tensions pose the biggest risk to global growth.

Officials said that although growth appears to be stabilizing, it "remains low and risks remain tilted to the downside," according to the statement. "Most importantly, trade and geopolitical tensions have intensified. We will continue to address these risks, and stand ready to take further action."