InstaForex InstaForex

Prime News

G20 Officials Want to Give Mnuchin Room to Defend Trump Trade Plans

Many G20 officials who talked to US Treasury chief Steven Mnuchin at the weekend gathering in Germany opted not to question his protectionism stance.

However, they yielded ground to scrap a decade-old commitment to thwart protectionism and repeal statement language on funding the battle versus climate change.

Still, they chose to give the Trump administration's official an opportunity to outline their trade agenda, hoping for moderation by the time Germany holds a G20 leader's convention scheduled in July.

Ahead of the meeting, several finance chiefs were anxious about their first encounter with President Donald Trump's trade policies. However, to their surprise, the former Goldman Sachs banker was polite and acted like a businessman.

A G20 official disclosed Mnuchin went to the podium only once, reading a prepared statement.

Recommend: Prime News
​Treasury Yields Rise Amid Fed Minutes, Political Developments
17 Aug 2017, 03:04 UTC+00   
Views today: 1365 
Tencent Shares Surges on Record Quarterly Results
17 Aug 2017, 03:34 UTC+00   
Views today: 1358 
Gold Climbs on Weaker Dollar as Palladium Hits 16-Year High
17 Aug 2017, 03:47 UTC+00   
Views today: 1358 
U.S. Stocks Advanced after Trump Announcement, Fed Minutes
17 Aug 2017, 01:08 UTC+00   
Views today: 1358 
Latest Fed Minutes Show Divide Among Policymakers
17 Aug 2017, 02:57 UTC+00   
Views today: 1353 

All Prime news

Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
from InstaForex
on every deposit