German Finance Minister Wolfgang Schaeuble speaks during an interview with Reuters at the Finance Ministry in Berlin, Germany, March 15, 2017. REUTERS/Fabrizio Bensch
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The protectionist stance of the new U.S. administration could complicate G20 talks this week and force policymakers to leave out the disputed trade issue, German Finance Minister Wolfgang Schaeuble told Reuters in an interview.Speaking ahead of the G20 gathering of finance ministers and central bankers in the German town of Baden-Baden Friday and Saturday, Schaeuble said it was still unclear if the G20 would keep joint language supporting free trade and open markets.Schaeuble also said that he did not expect Washington to roll back all financial market regulations after Trump ordered reviews of major banking rules put in place after the global financial crisis.Reacting to repeated U.S. criticism of Germany's large current account surplus, Schaeuble said that Germany's strong export performance was also a result of the European Central Bank's loose monetary policy.
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