EU Finance Chiefs Distance Themselves from Trump, G-20

EU Finance Chiefs Distance Themselves From Trump, G-20 on Trade (Source Bloomberg) European Union finance chiefs expressed fear that some governments are trending toward protectionism as they distanced themselves from President Donald Trump’s “America First” policy stance and the Group of 20 nation’s watered-down declaration on free trade. “The G-20 was unfortunately a disappointing meeting because the promise we have given each other in the past is now being taken away by the new U.S. administration,” Danish Finance Minister Kristian Jensen told reporters on Tuesday on the way into talks in Brussels. “I’m quite concerned that we need to fight harder for Europe to keep up free trade.” After two days of meetings in the German town of Baden-Baden, finance chiefs and central bankers from the G-20 set aside a pledge to avoid protectionism.

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