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Merkel Lauds China's Market Opening in Trade Rebuff to Trump

  • Says $10 billion BASF project shows Chinese push is for real
  • In Berlin, China’s Li tells Merkel he’s a free-trade ally
Bloomberg business news
Merkel Praises China for Response to Trump Tariffs
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German Chancellor Angela Merkel praised China for opening up to foreign investment, drawing a contrast with trade conflicts burdening both countries’ relations with the U.S.

Merkel’s positive take followed a meeting on Monday in Berlin with Chinese Prime Minister Li Keqiang, who presented himself as an ally in her defense of rules-based global trade. They also agreed that they want to preserve a nuclear accord with Iran that President Donald Trump has ditched.