World

German finmin ‘seriously worried’ about US trade stand-off

Published March 19, 2018 Updated March 19, 2018 11:56am

Asked by Bild if a trade war was an issue for a meeting of Group of 20 finance ministers in Buenos Aires, Scholz said:  "I am cautious about using the term 'war'."

"But I am seriously concerned that the foundation of our prosperity - free trade - is being put at risk," he added. "Protectionism is not the answer to the difficulties of our time. The situation is serious."

Scholz said on Sunday Germany would continue talks to dissuade the United States from imposing planned punitive steel and aluminium tariffs.

 

Copyright Reuters, 2018