Wednesday, March 21, 2018

The US is not afraid of a trade war

US Secretary of State Steven Munchin assured yesterday that his country is not afraid of a trade war, but said it was not its goal, the French press reported.
"We must be prepared to intervene to defend the interests of the United States in order to protect a fair free trade," Munchin said at a press conference at the end of a two-day meeting of G20 finance ministers in Buenos Aires. 
The trade war is not our goal, but we are not afraid of it, "he warned, repeating the words of President Donald Trump, whose decision to introduce import duties of 25% for steel and 10% for aluminum will come into effect on Friday . 
"It's not about protectionism, but about free trade that is fair and reciprocal," the US Treasury Secretary repeatedly urged China to open its markets to US firms. 
Munchin, who noted that he had "positive" talks in Buenos Aires, did not want to reveal whether, apart from Canada and Mexico, other countries would be excluded from the duties on steel and aluminum, as Europeans insist in particular

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