German Economy Minister Stresses the Need to Reduce Trading Barriers with US

German Economy Minister Brigitte Zypries has written to U.S. Secretary of Commerce Wilbur Ross stressing that it would be in both countries’ interests to minimize the barriers to trade between them.

U.S. President Donald Trump has championed protectionism with his “America First” campaign but German Chancellor Angela Merkel has said Germany will work to promote free trade during its presidency of the G20 this year.

In a letter dated Feb. 28, Zypries wrote that Germany, the European Union and the United States should step up cooperation in light of major changes in the global economy’s structure.

“We have a shared interest in reducing trade barriers to transatlantic trade and agreeing in a suitable form on the standards that can be disseminated throughout the world economy,” she wrote.

The German government, industry groups and unions have said protectionism is the wrong answer to the challenges facing the world, and that Germany must fight to safeguard free trade, which guarantees wealth and prosperity for all.

via Reuters

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