Subscribe to our free daily newsletters
. Earth Science News .

Subscribe to our free daily newsletters

Merkel, Xi defend free trade ahead of G20 meet
by Staff Writers
Berlin (AFP) March 16, 2017

German Chancellor Angela Merkel and Chinese President Xi Jinping Thursday stressed their commitment to free trade ahead of a G20 finance ministers' meeting set to be dominated by debate on protectionism.

The two leaders spoke by telephone and said in a statement issued in Berlin that they would "together fight for free trade and open markets".

Finance ministers from the world's top economies are gathering in Germany from Friday as fears grow that US President Donald Trump could upend the global economic order with his "America First" policy.

Meanwhile Merkel is set to hold her first meeting with Trump in Washington on Friday, on a trip on which she will be accompanied by a top-rung German business delegation.

Within two months of taking office, Trump has already torn up the trans-Pacific free trade pact, threatened punitive tariffs against multinationals with factories outside the United States and attacked "currency manipulation" by export giant China.

White House economic advisor Peter Navarro in January accused Germany and China of taking advantage of weak currencies to build a trade surplus with the United States.

In their statement, Merkel and Xi "agreed to maintain their close cooperation, in particular in the context of the German G20 presidency" this year, which will include a July summit in Hamburg.

On the eve of the finance ministers' meeting, Germany's Wolfgang Schaeuble was set to host US counterpart Steven Mnuchin later Thursday in Berlin for their first official talks.

At a separate conference in Frankfurt, Schaeuble added his voice to the chorus touting free trade.

"If we have learned something from the past, it is that nationalism and protectionism are never the right response," he said.

"Isolationism is always the wrong choice. It may be tempting in the short term but in the long run, it only serves to undermine confidence."

A statement is produced at the end of the two-day G20 meeting that has in past sessions consistently committed signatories to rejecting protectionism and refraining from competitive currency devaluations.

But fears are running high that this year's communique may have to sidestep the issue.

Business daily Handelsblatt reported that Germany was trying to strike a compromise with a "list of principles" but had yet to get all sides on board.

The conversation between Merkel and Xi also covered "market conditions for expanding electromobility in China" to allow the Germany auto industry "to continue to be successful in the Chinese market", the statement by Merkel's spokesman Steffen Seibert said.

Ivanka Trump is exception to dad's 'Buy American' rule
Beijing (AFP) March 12, 2017
In his January inauguration speech, US President Donald Trump made a seemingly straightforward pledge: "We will follow two simple rules: buy American and hire American." His daughter is the exception: even as he spoke, at least eight shipments of Ivanka Trump-branded shoes, bags and clothes - more than 53.5 tonnes - were steaming towards American ports from China, according to US Customs b ... read more

Related Links
Global Trade News

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Japan court rules government liable for Fukushima disaster

U.S. Coast Guard avoids budget cuts

Mosul families go against the tide to return home

Death carts carry family ripped apart by Mosul campaign

Rare-earths become water-repellent only as they age

Why water splashes: New theory reveals secrets

Next-gen steel under the microscope

Visualizing nuclear radiation

Great Barrier Reef may never recover from bleaching: study

Diving with the sharks

Study quantifies effect of 'legacy phosphorus' in reduced water quality

Syria regime bombed Damascus water source: UN

How to conserve polar bears and maintain subsistence harvest

To the Arctic for CryoSat and beyond

Rapid decline of Arctic sea ice a combination of climate change and natural variability

Preserving the memory of glaciers

Greenhouse gases: First it was cows now it's larvae

What makes farmers try new practices?

How improved valves let grasses 'breathe,' cope with climate change

Molecular mechanism responsible for blooming in spring identified

More rain looms as Peru struggles with disastrous floods

Dissection of the 2015 Bonin deep earthquake

Flash floods take dramatic toll in Lima and northern Peru

CRUST adds new layer of defense against earthquakes and tsunamis

Rags, not riches, defining Africa's urban explosion

Senegal extradites Guinean soldier wanted over massacre

.africa joins the internet

Nigerian military to probe rights abuse claims

Nose form was shaped by climate

Human skull and bipedalism evolved side-by-side

Indonesian tribes gather amid push to protect homelands

400,000-year-old fossil human cranium is oldest ever found in Portugal

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement