Jamaica Gleaner / BADEN-BADEN (AP):
The world’s top economic powers dropped a pledge to oppose trade protectionism amid pushback from the Trump administration, which wants trade to more clearly benefit American companies and workers.
Finance ministers from the Group of 20 countries meeting in the southern German town of Baden-Baden issued a statement yesterday which said only that countries “are working to strengthen the contribution of trade” to their economies.
By comparison, last year’s meeting called on them to resist “all forms” of protectionism, which can include border tariffs and rules that keep out imports to shield domestic companies from competition.
The statement from the G20 finance ministers and central bankers helps set the tone for further global economic co-operation.
United States Treasury Secretary Steven Mnuchin, taking part in his first international meeting since being sworn in, sought to downplay the wording issue. He said that the statement needed to reflect the discussion at the current summit.
“The historical language was not really relevant,” said Mnuchin.
“We believe in free trade: we are one of the largest markets in the world, we are one of the largest trading partners in the world,” added Mnuchin.
“Having said that, we want to re-examine certain agreements… And to the extent that agreements are old agreements and need to be renegotiated we’ll consider that as well.”
He said trade deals need to offer a “win-win situation”.
Mnuchin said the administration would be looking at relationships where the US was buying more than it could sell to its partner, and would be more aggressive in seeking enforcement of existing rules that would benefit US workers through the Geneva-based World Trade Organisation.
The WTO operates a system of negotiated trade rules and serves as a forum for resolving disputes.
CARACAS.- La espera terminó y los Rays de Tampa Bay, en teoría, reforzaron la posición que menos le estaba aportando a la ofensiva con el regreso del criollo Wilson Ramos a las mayores. ?Estamos felices por tener a Wilson Ramos con nosotros? , dijo Kevin Cash a MLB.com. ?Me imagino que probablemente tenía algunas inquietudes…
La compraventa de inmuebles como Torre Agbar, Xanadú y el Edificio España aumenta un 70% la inversión en el primer semestre hasta los 6.000 millones de euros. La inversión inmobiliaria vuelve a registrar cifras récord en el mercado español. A falta de apenas cuatro días del cierre del semestre, la compraventa de edificios y solares…
san fernando Prime Minister Dr Keith Rowley prayed with members of the Muslim community and distributed zakat (charity) to the needy as he celebrated Eid-ul-Fitr at two masjids in San Fernando yesterday. He attended the Eid services on an invitation from Minister of Local Government Kazim Hosein, who is also referred to as a…
gasparillo The mother of a disabled child was shot dead inside her apartment in Gasparillo yesterday. Ornella Philips, 28, was shot once in the chest. Her body was discovered lying in the living room around 10 a.m. The country’s murder toll now stands at 243. Her eight-year-old daughter, Kayla, has cerebral palsy and depends…
ISTANBUL (AP): Turkish police stopped activists for lesbian, gay, bisexual, trans and intersex rights from gathering in large numbers for an LGBT Pride event in Istanbul yesterday, but smaller groups made impromptu press statements, defying a ban imposed by the governor. Organisers of the 2017 Istanbul LGBTI+ Pride had vowed to march in central Taksim…
LONDON (AP): The list of high-rise apartment towers in Britain that have failed fire-safety tests grew to 60, officials said yesterday, revealing the mounting challenge the government faces in the aftermath of London’s Grenfell Tower fire tragedy. All of the buildings for which external cladding samples were so far submitted failed combustibility tests, Communities Secretary…
BAHAWALPUR (AP): Alerted by an announcement over a mosque’s loudspeaker that an overturned tanker truck had sprung a leak, scores of villagers raced to the scene with fuel containers yesterday to gather the oil. Then the wreck exploded, engulfing people in flames as they screamed in terror. At least 153 men, women and children were…
WASHINGTON (AP): Making a final push, United States President Donald Trump said he doesn’t think congressional Republicans are “that far off” on a health overhaul to replace “the dead carcass of Obamacare”. Expressing frustration, he complained about “the level of hostility” in government and wondered why both parties can’t work together on the Senate bill…
While reliving the horrors experienced by so many families after another spate of bizarre violence across the country last week, I couldn’t help but picture Tourism Minister Ed Bartlett’s rictus grin plastered on television screens while the elderly and even suckling babes were being gruesomely slaughtered inside their homes. While the rest of us were…
- 19 June, 2018 Two Bermudans held in UK on terror charges
- 19 June, 2018 Eastern Caribbean states to deepen collaboration with Barbados
- 19 June, 2018 Over 100,000 students to sit Grade 4 Literacy and Numeracy exams
- 19 June, 2018 #WC2018: Saudi coach says players not rattled by plane incident
- 19 June, 2018 #WC2018: Russia sour Salah’s return to close in on last 16
- 19 June, 2018 Mexico condemns ‘inhuman’ US separation of migrant families
- 19 June, 2018 #WC2018: 2 more quick scores make it Russia 3, Egypt 0
- 19 June, 2018 Cabinet approves new Petrojam board
- 19 June, 2018 Calls For Prime Minister To Intervene In Controversy At Petrojam
- 19 June, 2018 Jamaican Students On Visitor Visas Sue Hosts In U.S. Federal Court