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G20 finance ministers drop anti-protectionist pledge

Finance ministers from world’s biggest economies have dropped an anti-protectionist commitment after opposition from the US.

In an unprecedented move, G20 ministers left the two-day meeting without a pledge to bolster free trade.

Last year, the group of the world’s 20 largest economies vowed to “resist all forms of protectionism”.

But since then, President Donald Trump has taken office, and is aggressively pursuing an “America First” policy.

His policies includes penalties for companies which manufacture their products abroad. BBC

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