Finance ministers from the Group of Seven (G7) economies assembled in Northern Italy late last week, with the focus on China trade and industrial policy, currency moves, and geopolitical conflict. While reaching consensus has historically not been easy, the more fractious global backdrop appears to have added renewed urgency in finding common ground. Though an immediate market impact is unlikely, we see several threads that stand out for investors: The G7 looks increasingly united on China trade imbalances. The G7 finance chiefs escalated their concerns over production overcapacity from China, with the communique ... (full story)