G-7 trade representatives to address "market-distorting practices"

Top trade representatives of the Group of Seven industrialized countries agreed Wednesday at their inaugural meeting to address “market-distorting practices” such as industrial subsidies, in an apparent reference to China. “Practices that distort markets and competition lead to decreased efficiency and reduced perceptions of fairness and trust in the system,” Britain’s Secretary of State for International Trade Liz Truss said in her chair’s statement following the talks. The United States and Japan have in the past expressed concerns over what they see as China’s unfair trade practices. The re…

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HEDGE accordingly