EU’s Moscovici Says G-20 Trade Discussion Not Easy, But Positive

(Bloomberg) -- European Commissioner Pierre Moscovici says in Fukuoka, Japan, that the U.S. and China have to build on their commitments made at the G-20 meeting to resolve trade tensions.

• “The discussion has not been easy but relatively positive and constructive”
• Communique was not perfect but “the best outcome that we could deliver”
• Moscovici speaks at briefing following G-20 meeting of finance ministers and central bank governors
• “We still believe that rising protectionism and more broadly the questioning of the multilateral order are threats to our prosperity”
• “We welcome the commitment to use all policy tools to achieve strong, stable balanced and inclusive growth, and safeguard against downside risks by stepping up our dialogue”

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