Economics
Germany Warns U.S. Against Ceding Lead Role to China, Russia
- That would end the liberal world order, Schaeuble says
- Merkel challenges Trump saying ‘I’m supporter of open markets’
European Finance Ministers Set To Discuss Greek Debt Burden At Eurogroup Meeting
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Wolfgang Schaeuble, Germany’s veteran finance minister, urged the U.S. to limit Russian and Chinese influence or risk bringing about “the end of our liberal world order.”
The comments by Schaeuble, a member of Chancellor Angela Merkel’s cabinet since she took office in 2005, are one of the strongest expressions of concern among European policy makers that President Donald Trump’s administration is disengaging the U.S. from its global role on trade, climate change and security. Europe and the U.S. must stand together at a difficult time, the minister said.