US President Donald Trump is taking a more
aggressive, protectionist posture on trade than his recent predecessors
that has sparked retaliatory measures from the European Union, Mexico
and Canada.
aggressive, protectionist posture on trade than his recent predecessors
that has sparked retaliatory measures from the European Union, Mexico
and Canada.
A
self-styled “Global Business Coalition” of industry groups has urged
the Group of 20 leading economies to counter threats to global free
trade.
U.S.
President Donald Trump is taking a more aggressive, protectionist
posture on trade than his recent predecessors that has sparked
retaliatory measures from the European Union, Mexico and Canada.
President Donald Trump is taking a more aggressive, protectionist
posture on trade than his recent predecessors that has sparked
retaliatory measures from the European Union, Mexico and Canada.
The
business coalition urged G20 finance ministers to renew their
commitment to free markets at a meeting this weekend in Buenos Aires.
business coalition urged G20 finance ministers to renew their
commitment to free markets at a meeting this weekend in Buenos Aires.
“We
are deeply concerned about the stability of the rules-based global
trading system,” the coalition said in a statement seen by Reuters.
are deeply concerned about the stability of the rules-based global
trading system,” the coalition said in a statement seen by Reuters.
“To
create wealth, the business world needs reliable, modern, international
rules, predictability and stability as well as strong, impartial
referees,” the coalition added.
create wealth, the business world needs reliable, modern, international
rules, predictability and stability as well as strong, impartial
referees,” the coalition added.
Trump
earlier this month warned the World Trade Organization that “we’ll be
doing something” if the United States is not treated properly, after the
EU said that U.S. automotive tariffs would hurt its own vehicle
industry and prompt retaliation.
earlier this month warned the World Trade Organization that “we’ll be
doing something” if the United States is not treated properly, after the
EU said that U.S. automotive tariffs would hurt its own vehicle
industry and prompt retaliation.
