US Treasury Secretary confirms that his country does not want a "trade wars"

[yota691]

GMT 22:15 2017 Thursday, March 16 : Last Updated

US Treasury Secretary confirms that his country does not want a "trade wars"

 

Berlin confirmed US Treasury Secretary Steven Mnotchen Thursday in Berlin eve meeting the Group Twenty finance ministers that United States does not want"trade wars", in attempt to allay fears about protectionism new US administration.

A former banker at Goldman Sachs during a joint press conference with his German counterpart Wolfgang Hope let "Our goal is to achieve a useful economic growth of the United States and the rest of the world."

"We do not want to enter into trade wars," and on the impact of growing tensions between Washington and many of its trading partners because of protectionism President Donald Trump.

The secretary stressed that "what we want to do is (...) that when there are imbalances in trade relations we must be addressed."

For his part, the German minister first meeting between him and his American counterpart as "a good start", admitting at the same time that they "are not in agreement on all the points."

"We will not solve all the problems in Baden-Baden" which hosts on Friday and Saturday meeting of the Group of Twenty at the level of finance ministers.

He added: "We have a common position and a clear desire on solving problems together," stressing that to get to the "growth and prosperity of permanent We need a comprehensive solution."

Since his entry into politics Trump raises the slogan "America First", stressing that the imbalances in the US balance of trade must address protectionist measures.

 

[MyLadiesDaddy]

If there is a trade War it will be because other countries still believe they can tell us how we're going to play the game. Problem is supermax president Donald J Trump don't play the game the way he's told.

Boom Shaka Laka Laka Boom Boom Boom who's your daddy now?

Edited March 17, 2017 by ladyGrace'sDaddy

[SnowGlobe7]

agreed....the trade war has changed...and we now have the power to say no