BADEN-BADEN, Germany (AP) — U.S. Treasury Secretary Steven Mnuchin says the U.S. believes in free trade, despite the omission of a ban on protectionism in the joint statement from an international financial summit he attended.
The statement dropped language from previous G-20 statements that said countries should resist “all forms” of trade barriers.
Mnuchin said that language was “in the past” and “not really relevant.”
He said: “We believe in free trade,” but added “balanced trade needs to be what’s good for us and what’s good for other people, a win-win situation.”
Mnuchin said the U.S. would work with international partners but review trade deals that disadvantage the U.S.: “It’s free trade, balanced trade and fair trade.”
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