Global Tariffs Surge Ahead of Trump-Xi Talks at G-20, Study Says

(Bloomberg) Tariff measures imposed by the Group of 20 countries reached a record and now cover $481 billion worth of global trade, according to the World Trade Organization. Ahead of U.S.-Chinese talks at next week’s G-20 summit, the group’s member countries added 40 trade-restricting measures since mid-May, compared with 39 during the preceding six months, the WTO said in a report published Thursday. According to WTO Director-General, Roberto Azevedo says " further escalation remains a real threat, and that if we continue along the current course, the economic risks will increase with potential effects for growth, jobs and consumer prices around the world.