Posted on 03/18/2017 4:16:36 PM PDT by mdittmar
Financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist United States after a two-day meeting failed to yield a compromise.
Breaking a decade-long tradition of endorsing open trade, G20 finance ministers and central bankers made only a token reference to trade in their communique on Saturday, a clear defeat for host nation Germany, which fought the new U.S. government's attempts to water down past commitments.
In the new U.S. administration's biggest clash yet with the international community, G20 finance chiefs also removed from their statement a pledge to finance the fight against climate change, an anticipated outcome after U.S. President Donald Trump called global warming a "hoax".
(Excerpt) Read more at reuters.com ...
WINNING
Absolutely stunning one-two punch: Trade and climate.
I guess Mnuchin is one of the “killer negotiators” Trump talked about early in the campaign.
Winning so soon, and making it look easy.
this sounds like a very good confirmation sign imho...
We are NOT protectinist, trade shpuld benifit the US not bleed taxpayers/consumers.
Germany telling the US to not be protectionist is like the charcoal calling the kettle black.
For example, German tariffs and taxes (including VAT) on auto imports are far higher than their US counterparts.
Well, that’s always exactly the problem, isn’t it? They want the US to believe in “free” trade while they close their markets to US manufactured goods. Goose, gander, yada, yada
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