Trump At G7 Talks about protectionism and Trade
They restored a vow to fight protectionism – the use of import taxes and skewed regulations that favor domestic producers over their foreign competitors. The no-protectionism pledge had been a part of previous G-7 statements but was omitted after a meeting of the group’s finance ministers’ earlier this month in Bari, Italy. This time the G-7 leaders reiterated a “commitment to keep our markets open and to fight protectionism.” The Trump administration has argued that trade must be balanced and fair as well as free. […]