At Mnuchin's First Big Meeting, G20 Shies From Endorsing Free Trade

Getty Images

Getty Images

However, no compromise was found, meaning no new deal could be reached by the close of Saturday's summit.

This would break with a decade-old tradition among the finance ministers and central bankers of the world's 20 top economies (G20), who over the years have repeatedly rejected protectionism and endorsed free trade.

Commitments of support to the existing multilateral trade system, including the World Trade Organization (WTO), were also conspicuously missing from the final communique.

The new U.S. Treasury Secretary, Steven Mnuchin, at the G20 conference.

Asked whether the USA opposed the inclusion of the anti-protectionism language, Yoo said, "Every country has different levels of reactions to protectionism" and only several countries strongly opposed the exclusion of an anti-protectionism phrase in the communique. "He's getting around, he's getting to know his colleagues, I think he sent some very positive messages in terms of engaging all the economies".

'The historical language was not really relevant, ' said Mnuchin.

Meals on Wheels donations skyrocket following proposed budget cut
The program served about 2.4 million seniors previous year , including more than 500,000 veterans. Visitors to their website now see a pop-up ad featuring an elderly man in a U.S.

'Having said that, we want to re-examine certain agreements. Again, U.S. representatives presented a perspective consistent with President Trump's own recent comments and actions.

His strategy includes threats to penalize companies that manufacture overseas by heavily taxing their products.

That stance has grated Washington's partners, who are trying to persuade US Treasury Secretary Steven Mnuchin to renew a long-standing G20 anti-protectionism commitment and uphold an global deal on climate won only after years of painful negotiations.

His stance has been condemned by Washington's trading partners, and led Beijing to issue a stern warning against sparking a trade war.

Japanese Finance Minister Taro Aso and Britain's Chancellor of the Exchequer Philip Hammond arrive for the family photo at the G20 Finance Ministers and Central Bank Governors Meeting in Baden-Baden, Germany, on Friday. "Our world and France would have liked to see the G-20 continue to take firm and concerted action", he went on. Mnuchin said he did not believe that the environment was an issue for the G20 ministers. "It's completely clear we are not for protectionism", Wolfgang Schaeuble, finance minister of host country Germany, told reporters, though he did, without mentioning a country by name, say that "maybe one or the other important member state needs to get a sense of how worldwide cooperation works".

Recommended News

  • Teen in hospital after fighting off croc

    Teen in hospital after fighting off croc

    Mr De Paauw was taken to hospital in Cairns where he had surgery for significant injuries and is now in a stable condition. The youth sustained "extensive injuries" and his left arm was barely attached after the incident, Noble said.
    Don't worry, Villanova losing busted everyone's bracket not just yours

    Don't worry, Villanova losing busted everyone's bracket not just yours

    What's more, Wisconsin connected on the highest percentage of its field goal attempts of any VU opponent this season (.531). Butler connecting on 51.1 percent of their shots including 8 of 15 from beyond the arc while making 18 of 23 free throws.
    Kentucky manages to get past Northern Kentucky

    Kentucky manages to get past Northern Kentucky

    The Kentucky Wildcats and Wichita State Shockers will meet in a titanic second round clash on Sunday afternoon in Indianapolis. The Wildcats enter as a two seed and the Shockers are a 10 seed. "They viciously go after offensive rebounds", Calipari said.
  • Hillary Clinton Is Ready To 'Come Out Of The Woods'

    Hillary Clinton Is Ready To 'Come Out Of The Woods'

    Now there's more speculation of a return to political office as Clinton just made a public appearance in Scranton. Clinton's gradual return to the public spotlight following her presidential election loss continued with a St.

    United States defeats DR, will play Japan in WBC semifinals

    This is a bit unfair because the players who are playing for Team USA are gushing and excited for the experience. The U.S. only survived the inning because the shortstop Crawford gunned down Cruz by mere inches at the plate.
    Baton Rouge sheriff's deputy shot and killed in the line of duty

    Baton Rouge sheriff's deputy shot and killed in the line of duty

    The deputy was conducting an investigation with another deputy when the shooting occurred near Classic Cuts barber shop. An East Baton Rouge Parish Sheriff's Deputy has been killed in an overnight shooting and a suspect is in custody.
  • Timo Werner earns call-up for Germany's national team

    Timo Werner earns call-up for Germany's national team

    There is also no place for Dortmund midfielders Marco Reus, who has a hamstring injury, and Mario Goetze, who has been diagnosed with a metabolism disorder.
    Bucks Fall to the Warriors

    Bucks Fall to the Warriors

    Durant had suffered a left knee MCL sprain and tibial bone bruise during an away loss to Washington Wizards on February 28. It's great", Kerry said prior to Saturday's game against the Milwaukee Bucks, via CSN Bay Area .
    'No evidence' that after-school programmes helping kids

    'No evidence' that after-school programmes helping kids

    Should Congress agree to Trump's budget, which isn't likely, more responsibility would be pushed down to the states. These cuts, which have been rumored for awhile, seem to fly in the face of Defense Secretary James Mattis' views.
  • Niagara Police searching for suspect in bank assault

    Niagara Police searching for suspect in bank assault

    The victim was taken to hospital in serious condition, but officers said she was in stable condition by Saturday. Police say he was transferred to hospital in critical condition on Friday from his home on Queenston Street.
    Boston College women's hockey loses national semifinal in final seconds

    Boston College women's hockey loses national semifinal in final seconds

    She scored a goal and assisted on another in a 3-2 overtime loss to the Badgers on October 14 at Cheel Arena. Desbiens will backstop UW in the national championship game Sunday.
    Washington To Hire Syracuse Assistant Mike Hopkins

    Washington To Hire Syracuse Assistant Mike Hopkins

    Hopkins replaces Lorenzo Romar , who was sacked Wednesday after 15 seasons as UW's head coach. ESPN's Jeff Goodman is reporting that Hopkins will sign a 6-year deal with Washington.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.