The President of the European Central Bank (ECB) Mario Draghi welcomes participants for the family picture during the G20 Finance Ministers and Central Bank Governors Meeting in Baden-Baden, Germany, March 17, 2017. REUTERS/Kai Pfaffenbach
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Finance ministers and central bankers from top economies are battling Saturday to find common ground on world trade in the face of U.S. President Donald Trump's "Buy American" drive.Ministers from G20 nations have gathered in the picturesque western German spa town of Baden Baden since Friday for a meeting clouded by fears of growing protectionism fueled by Trump's stance.Trump, whose tough "America First" talk helped win him the presidency, has withdrawn the U.S. from a trans-Pacific free trade pact and attacked export giants China and Germany.On Thursday, following talks with German Finance Minister Wolfgang Schaeuble, Mnuchin said Washington had no desire to fight "trade wars" with other economic powers.While trade has been the weightiest bone of contention at the finance ministers' talks, climate change -- which Trump once claimed was a Chinese hoax -- puts the U.S. equally at odds with its longtime partners.
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