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spanone

(135,838 posts)
Wed Jul 5, 2017, 03:31 PM Jul 2017

Merkel criticizes Trump trade policy before G20

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Her remarks were published on the eve of a bilateral meeting with President Trump, and as she prepares to host world leaders for a G20 summit in Hamburg on Friday and Saturday.

"While we are looking at the possibilities of cooperation to benefit everyone, globalization is seen by the American administration more as a process that is not about a win-win situation but about winners and losers," she was quoted as saying in an interview with German magazine Die Zeit published on Wednesday.

Trump has consistently painted the U.S. trade deficit with countries such as China, Germany and Mexico as evidence that America is losing the global economic game.

Merkel told Die Zeit she didn't share the view expressed by Trump advisers that the world was an arena in which nations compete for advantage, rather than a community.


http://money.cnn.com/2017/07/05/news/economy/merkel-trump-trade-warning/index.html
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