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He said it was necessary to take protectionist comments being made by U.S. President Donald Trump's administration seriously and also to be prepared.
On Thursday U.S. Treasury Secretary Steven Mnuchin said the Trump administration had no desire to get into trade wars but certain trade relationships needed to be re-examined to make them fairer.
Trump has accused Japan of exploiting a weak yen to give its exports an unfair trade advantage. In similar vein, Trump's top trade adviser has accused Germany of using a "grossly undervalued" euro to gain a competitive advantage.
(Reporting by Michelle Martin; Editing by Hugh Lawson)
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