4/21 Schäuble defends German trade surplus in the US

Edited by walterp on . Posted in News In Brief

Finance Minister Wolfgang Schäuble has rejected US charges that Germany’s trade surplus is a sign of unfair policies and called on the Trump administration to remain engaged in trade liberalization. Speaking at an event of the Carnegie Foundation in Washington on Thursday, Wolfgang Schäuble said that “all of us have benefited greatly from global integration and trade in recent decades,” and that Washington had been a leader in the process. His remarks came in the wake of the Trump administration’s protectionist rhetoric that has created a tense atmosphere for meetings of the International Monetary Fund (IMF) and World Bank over the next few days.

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