Economics
Mnuchin’s G-7 Partners Struggle to Engage Odd Man Out on Trade
- U.S. ‘needs the global economy,’ says Germany’s Schaeuble
- Ministers may compromise with repeat of trade G-20 language
G-7 Finance Chiefs Meet on Trade, Currencies and Economy
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Steven Mnuchin’s global partners kept up their struggle to engage the finance chief of the world’s biggest economy as he stood his ground on a view of economics that remains far removed from what the Group of Seven is used to.
Finance ministers meeting in the Italian port of Bari, including Germany’s Wolfgang Schaeuble, sought to draw in the U.S. Treasury Secretary toward the previous consensus on free trade, despite a formal agenda that avoided pursuing that too explicitly by focusing on “inclusive growth.”