G-20 Forges Trade Compromise as U.S. Tariff Threat Lingers

World leaders reached a compromise on trade at the Group of 20 summit as officials agreed to fight protectionism while tacitly recognizing U.S. President Donald Trump’s concerns about excess steel capacity and what he says are unfair trade practices.

Hours after the agreement was struck early on Saturday, the final statement nonetheless left the U.S. isolated on climate change, according to officials from three G-20 countries. At the same time, the statement refers to the use of “trade defense instruments,” leaving the shadow of tariffs hanging over the world.