G-20 Summit Highlights Ongoing Market Disputes
Nobody wants to go it alone. But U.S. Treasury Secretary Steven Mnuchin saw conflict at the weekend summit of world leaders when he convinced them to drop language condemning economic protectionism from an official G-20 policy statement. The Trump administration’s promises to tear up existing trade agreements in pursuit of better deals had other nations on edge. Meanwhile, German Chancellor Angela Merkel and Japanese Prime Minister Shinzo Abe praised free trade and advocated for signing an EU-Japan trade deal, which has been on the negotiating table since 2013.