Long Night Ahead in Hamburg

Articolo tratto da Handelsblatt Global

Nearly all G20 leaders agree on the need for free and fair trade, but some differences of opinion between US President Donald Trump and the other 19 leaders meant that drafting the summit’s final communique proved a major struggle.

“On the issue of trade, virtually everyone believes we need free but also fair trade,” German Chancellor Angela Merkel said Friday night, at the end of the first day of the G20’s Hamburg summit. “However, I can predict that as far as trade is concerned in the communique, the sherpas have a lot of work ahead of them tonight.”

That hard work had finally paid off by Saturday afternoon. World leaders eventually agreed to put out a common statement, albeit one that largely papered over differences on trade and included some major caveats on climate change, where the sides essentially laid out their differences rather than speaking with one voice.

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French President Emmanuel Macron, German Chancellor Angela Merkel and US President Donald Trump confer at the first working session of the G20 meeting in Hamburg. Source: REUTERS