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Saturday, 18 March 2017

Top economies yield to US, drop no-protectionism pledge

Finance ministers at a Group of 20 meeting in Germany issued a statement Saturday that said only that countries "are working to strengthen the contribution of trade" to their economies. By comparison, last year's meeting called on them to resist "all forms" of protectionism, which can include border tariffs and rules that favor a country's businesses over those in another economy.

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