European Union leaders on Friday warned of the damage that escalating US-China trade frictions was inflicting on the global economy, as the summit got under way.
The US-China trade relations are "difficult" and contributing to a slowdown in the global economy, European Commission President Jean-Claude Juncker told a news conference, the Reuters news agency reports.
He also said the EU was working closely with the US, China and Japan on reforming the World Trade Organization (WTO).
Meanwhile, Indian Prime Minister Narendra Modi also spoke about the need to reform the WTO.
The development of the global economy is largely driven by one-sided decisions and disputes felt by the entire system, said.
"We should still focus on the World Trade Organisation reform to achieve balanced development of the global economy and so this growth is open to everyone," Modi told a meeting of leaders from Brazil, Russia, India, China and South Africa, collectively known as the BRICS countries, on the sidelines of the G20 summit.
Trade war damages global growth - EU leaders warn
Latest News Plus Friday, June 28, 2019 No comments
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