Mnuchin: 'G7 warming up to Trump's trade policies' Rest of G7: 'Lolno'

Oersted

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Not direct quotes obviously


The delusion

But US Treasury Secretary Steven Mnuchin claimed afterwards that major trading partners "are much more comfortable" with the Trump administration's trade policies and understand US growth will benefit them.

"We do not want to be protectionist, but we reserve our right to be protectionist to the extent that we believe trade is not free and fair," Mnuchin told a news conference at the end of the two-day gathering.

The reality

But ministers from the other G7 countries made it clear they did not share the US secretary's view.

Japan's finance minister, Taro Aso, summed up the fears of America's key allies by speaking out against protectionist economic policies

"We must not backpedal on free trade as it has contributed to economic prosperity," Aso said.

"All the six others ... said explicitly, and sometimes very directly, to the representatives of the US administration that it is absolutely necessary to continue with the same spirit of international cooperation," French Finance Minister Michel Sapin told reporters.

The result

The lack of consensus was reflected in the blandness of the meeting's closing statement, which avoided a precise trade agreement.

More here

http://m.dw.com/en/us-remains-at-od...er-economic-protectionist-policies/a-38829500

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