U.S. Treasury Secretary Steven Mnuchin says the U.S. is not seeking trade wars but has underlined Trump`s willingness to review existing trade deals to make them more fair for U.S. workers.
Financial officials from the world`s biggest economies are struggling to define a common stance in the face of the Trump administration`s skepticism about free trade.
Officials were talking about replacing the group`s longstanding opposition to "all forms" of protectionism with new wording that would reflect U.S. concerns by adding a reference to "fair" trade as well.
Finance ministers from the Group of 20 countries comprising more than 80 percent of the global economy debated the wording of their final statement on trade expected Saturday at their summit in the southern German resort town of Baden-Baden.
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