Officials were talking about replacing the group’s longstanding opposition to “all forms” of protectionism
BERLIN – Finance Ministers from the world’s biggest economies are struggling to define a common stance on trade in the face of the Trump administration’s insistence that cross-border commerce must be “fair” as well as “free.”
Ministers from the G20 countries comprising more than 80 percent of the global economy debated the wording of their final statement on trade expected Saturday at their summit in the southern German resort town of Baden-Baden.
Officials were talking about replacing the group’s longstanding opposition to “all forms” of protectionism with new wording that would reflect U.S. concerns by adding a reference to “fair” trade as well.
U.S. Treasury Secretary Steven Mnuchin says the U.S. is not seeking trade wars but has underlined Trump’s willingness to review existing trade deals to make them fairer for U.S. workers.
Original published: 18 March 2017 10:36 am Read the full Bangkok News here
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