New Ger­man Fi­nance Min­istry Pushes Free Trade at G20 Meet­ing

EME Outlook - - News -

Ger­many’s new Fi­nance Min­is­ter Olaf Scholz warned that pro­tec­tion­ism could harm fu­ture eco­nomic prospects and said Ger­many would con­tinue talks to dis­suade the United States from im­pos­ing planned puni­tive steel and alu­minium tar­iffs.

Scholz told reporters en route to his first meet­ing of G20 fi­nance min­is­ters and cen­tral bank gov­er­nors that he would un­der­score the im­por­tance of free trade for the global econ­omy when he meets US Trea­sury Sec­re­tary Steven Mnuchin.

The world econ­omy is grow­ing to­gether “and it should stay to­gether” said Scholz, a mem­ber of the So­cial Democrats, ju­nior part­ners in Chan­cel­lor An­gela Merkel’s coali­tion gov­ern­ment.

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