From WSJopinion: The G-20 was another yawner, but big news unfolded alongside the summit in Rome, writes wrmead
The Group of 20 summit in Rome last weekend was highly unusual. Unlike most global gabfests, it actually mattered—not because the sterile G-20 format and the anodyne communiqués it predictably generated meant or accomplished anything of significance. It mattered because the U.S.
The most important news out of Rome had nothing to do with the G-20. The temporary trade deal announced by European Commission President Ursula von der Leyen and President Biden does more than put some of the Trump-era steel and aluminum tariffs and retaliatory measures on ice. It lays out a new approach to world trade that, if it takes hold, could usher in the most consequential changes to the international trade regime in half a century or more.
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