The Group of 20 leaders on Monday dropped their anti-protectionism pledge in a statement issued after their first meeting since Donald Trump was reelected U.S. president, as global leaders prepare to grapple with his threat to impose higher import tariffs.
While the diverse grouping may come under renewed criticism from Trump amid growing doubts about its effectiveness as a forum for policy coordination, the leaders said the challenges facing the global economy can only be resolved through multilateral solutions.
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