Stock Market Tips, Germany Wants G20 To Keep Language On Trade, Currencies, Climate - Sources

BERLIN/BRUSSELS   

Germany will press the Group of 20 to reaffirm its commitment to promoting free trade, resisting currency wars and fighting climate change when finance ministers meet next month for the first time since the election of Donald Trump, G20 sources said. But the sources said there was far more uncertainty than usual surrounding the drafting of the G20 communique because of the Trump administration's confrontational rhetoric on trade and currencies, and its skepticism about whether humans are contributing to global warming. 

Germany, which holds the rotating presidency of the G20, is in the awkward position of having to forge a consensus on a range of global issues without a clear sense of where Washington stands and amid pressure from China to push back against Trump's protectionist language. "The Chinese want the G20 to reaffirm the importance of free trade, a cooperative financial order, and the fight against climate change," one German official told Reuters on condition of anonymity. "The challenge is to do this without giving it an anti-U.S. flavor."

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