America First Divides G-7 Even as Ministers Warm to Mnuchin
- Padoan says relations with Treasury Secretary are improving
- Communique after Bari meeting keeps toned-down trade language
G-7 Finance Chiefs Meet on Trade, Currencies and Economy
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Finance ministers signaled a truce in their trade quarrel with Donald Trump’s administration as his Treasury Secretary said the Group of Seven is starting to understand where he’s coming from.
Steven Mnuchin’s third encounter with the international community, at a meeting of finance chiefs in Italy, deepened ties even as his government’s “America First” policy continues to challenge the global economic consensus. A statement in Bari mirrored watered-down trade language from the Group of 20 two months ago, but ministers afterwards suggested an increasingly pragmatic tone to the talks after a stilted start.