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G20 summit provides 'breathing room' for German industry - DIHK

Reuters  |  BERLIN 

BERLIN (Reuters) - Deals agreed at the G20 summit in Argentina offer export-dependent German industry some "breathing room", though rising protectionism continues to pose a risk, the head of Germany's Chambers of Commerce (DIHK) said on Sunday.China and the United States agreed at the summit to halt additional tariffs for 90 days as they try to prevent their trade war from escalating.The G20 nations also backed an overhaul of the World Trade Organization (WTO), marking a victory for U.S. President Donald Trump, a vocal critic of the organisation that regulates international trade disputes. ...

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First Published: Sun, December 02 2018. 20:15 IST