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G7 partners struggle to engage US on trade

Finance ministers meeting in Italy sought to draw in US Treasury Secretary toward free trade

Steven Mnuchin
premium

Wolfgang Schaeuble, Germany’s Minister of Finance (left) with US Treasury Secretary Steven Mnuchin at the G7 summit

David Goodman, Saleha Mohsin & Alessandra Migliaccio | Bloomberg
Steven Mnuchin’s global partners kept up their struggle to engage the finance chief of the world’s biggest economy as he stood his ground on a view of economics that remains far removed from what the Group of Seven is used to.
 
Finance ministers meeting in the Italian port of Bari, including Germany’s Wolfgang Schaeuble, sought to draw in the US Treasury Secretary toward the previous consensus on free trade, despite a formal agenda that avoided pursuing that too explicitly by focusing on “inclusive growth.”
 
“Many of us, including myself and Schaeuble, told  Mnuchin that it is unthinkable that