G20 Finance Ministers Meet As America First Casts Pall
Mohammad Ali (@ChaudhryMAli88) Published March 17, 2017 | 08:25 AM
BADEN-BADEN, Germany, , (UrduPoint / Pakistan Point News - 17th Mar, 2017 ) - Finance ministers from the world's top nations gather in Germany on Friday as fears grow of a looming trade war over US President Donald Trump's America First policy.
Trump has already torn up a trans-Pacific free trade pact, threatened punitive tariffs against multinationals with factories outside the United States and attacked "Currency manipulation" by export giant China.
And his stated aim of keeping jobs at home by making it costly for American companies to outsource is likely to dominate talks at the G20 gathering of finance ministers and central bankers in the western German spa town of Baden-Baden.
Trump's emissary, US Treasury Secretary Steven Mnuchin, is set to face scrutiny from Washington's key trading partners for clues on whether the world's biggest economy fully intends to abandon its long-standing support of open markets and free trade.
On the eve of the meeting, German Chancellor Angela Merkel and Chinese President Xi Jinping issued a rare joint pledge, saying they would "together fight for free trade and open markets". The statement by the leaders of the two major exporters also came a day before Merkel is due to meet Trump in Washington for the first time, when the chancellor is expected to make a push for open markets.
Related Topics
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From Business
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
5 hours ago -
Pak-US officials engage to enhance trade, investment ties
5 hours ago -
Stocks fall as tech shares sink, US economy slows
6 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
7 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
7 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
7 hours ago
-
Honda announces US$11 bn EV battery and vehicle plant in Canada
7 hours ago -
Zhao Shirin calls on Punjab Industries Minister
8 hours ago -
CEO APM Terminals calls on Finance Minister
8 hours ago -
SACM visits GTVC checks attendance register
8 hours ago -
CEO APM Terminals meets Commerce Minister
8 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
8 hours ago