G-7 Draft Warns of 'Harmful' China Trade Practices

G-7 finance chiefs are drafting a communique to address concerns over China's significant role in global trade, aiming to counter "harmful practices" and enhance economic resilience. The draft includes stronger language than previous statements, reflecting growing unease about Chinese industrial overcapacity and its impact on member economies. The US plans to reimpose tariffs on Chinese goods, signaling a more assertive trade stance. The G-7 also acknowledges ongoing economic challenges, including inflation and uneven growth, and emphasizes the need for fiscal sustainability and structural reforms.