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G20 to sidestep trade issue due to discord with U.S. - Schaeuble

Reuters  |  BERLIN 

By Gernot Heller and Michael Nienaber

(Reuters) - The protectionist stance of the new U.S. administration could complicate talks this week and force policymakers to leave out the disputed trade issue, German Minister Wolfgang said.

Speaking to ahead of the gathering of ministers and central bankers in the German town of Baden-Baden on Friday and Saturday, said it was still unclear if the would keep joint language supporting and open markets.

"There are differing views on this subject," said, pointing to protectionist comments by U.S. President Donald Trump and other senior government officials.

"It's possible that we explicitly exclude the topic of trade in Baden-Baden and say that can only be resolved at the summit of the state and government leaders."

An early draft communique for the meeting had suggested that the world's financial leaders might no longer explicitly reject protectionism, breaking with a decade-old tradition.

"This is not the ideal solution, but it would not be such a big deal," said about the possibility that the members might fail to reach an agreement on trade.

The final communique of Baden-Baden should send the message that international cooperation is still robust in times of growing geopolitical risks, said.

(Reporting by Michael Nienaber; Editing by Madeline Chambers and Toby Chopra)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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G20 to sidestep trade issue due to discord with U.S. - Schaeuble

BERLIN (Reuters) - The protectionist stance of the new U.S. administration could complicate G20 talks this week and force policymakers to leave out the disputed trade issue, German Finance Minister Wolfgang Schaeuble said.

By Gernot Heller and Michael Nienaber

(Reuters) - The protectionist stance of the new U.S. administration could complicate talks this week and force policymakers to leave out the disputed trade issue, German Minister Wolfgang said.

Speaking to ahead of the gathering of ministers and central bankers in the German town of Baden-Baden on Friday and Saturday, said it was still unclear if the would keep joint language supporting and open markets.

"There are differing views on this subject," said, pointing to protectionist comments by U.S. President Donald Trump and other senior government officials.

"It's possible that we explicitly exclude the topic of trade in Baden-Baden and say that can only be resolved at the summit of the state and government leaders."

An early draft communique for the meeting had suggested that the world's financial leaders might no longer explicitly reject protectionism, breaking with a decade-old tradition.

"This is not the ideal solution, but it would not be such a big deal," said about the possibility that the members might fail to reach an agreement on trade.

The final communique of Baden-Baden should send the message that international cooperation is still robust in times of growing geopolitical risks, said.

(Reporting by Michael Nienaber; Editing by Madeline Chambers and Toby Chopra)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
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G20 to sidestep trade issue due to discord with U.S. - Schaeuble

By Gernot Heller and Michael Nienaber

(Reuters) - The protectionist stance of the new U.S. administration could complicate talks this week and force policymakers to leave out the disputed trade issue, German Minister Wolfgang said.

Speaking to ahead of the gathering of ministers and central bankers in the German town of Baden-Baden on Friday and Saturday, said it was still unclear if the would keep joint language supporting and open markets.

"There are differing views on this subject," said, pointing to protectionist comments by U.S. President Donald Trump and other senior government officials.

"It's possible that we explicitly exclude the topic of trade in Baden-Baden and say that can only be resolved at the summit of the state and government leaders."

An early draft communique for the meeting had suggested that the world's financial leaders might no longer explicitly reject protectionism, breaking with a decade-old tradition.

"This is not the ideal solution, but it would not be such a big deal," said about the possibility that the members might fail to reach an agreement on trade.

The final communique of Baden-Baden should send the message that international cooperation is still robust in times of growing geopolitical risks, said.

(Reporting by Michael Nienaber; Editing by Madeline Chambers and Toby Chopra)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22