At G7, world finance chiefs are trying to gauge Trump's plans
At G7, world finance chiefs are trying to gauge Trump's plans
20 May, 2017, 02:57
BARI, Italy (AP) - U.S. Treasury Secretary Steven Mnuchin said Saturday that major trading partners are "much more comfortable" with the Trump administration's stance on trade and tax policy and understand that they will benefit from the intended U.S. growth. "Our approach is for more balanced trade, and people have heard that", Mnuchin told reporters at the end of the two-day meeting. Italy's bad loans, a pressing issue encompassing the country's stability within the euro-zone, amounted to about 170 billion euros (184.7 billion US dollars) net, senior deputy governor of Bank of #Italy Salvatore Rossi said in April.
Finance Minister Taro Aso and U.S. Treasury Secretary Steven Mnuchin on Friday agreed that the two countries will cooperate in strengthening sanctions on North Korea.
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Italian Finance Minister Pier Carlo Padoan said Saturday's session on cybercrime was "unfortunately very timely", an apparent reference to the wave of ransomware attacks in which files were locked and payment demanded to unlock them.
"All the six others. said explicitly, and some very directly, to the representatives of the USA administration that it is absolutely necessary to continue with the same spirit of global cooperation", said French Finance Minister Michel Sapin.
The focus on cyber crime followed a globe-spanning wave of cyber attacks that hit computer systems in almost 100 countries on Friday, notably disrupting Britain›s health service and bringing production at carmaker Renault to a standstill in France.
Tense trade talks have dominated the meetings.
President Donald Trump's administration "is committed to protecting Americans and the global financial system from the constantly evolving threat of cyberattack. and Treasury will play a leading role in this critical national security effort". "We are working to strengthen the contribution of trade to our economies", the statement read, stopping short of making a call for free trade or against protectionism.
Shelving differing views on protectionism, the G-7 finance chiefs showed unity on the fight against inequality, which - together with populist anger at trade, globalization and manufacturing job losses - fueled Trump's ascent to the US presidency, played a role in Britain's decision to exit the European Union, and propelled an antiglobalizm candidate into the French presidential runoff vote earlier this month.
Mnuchin's presence was overshadowed by a political firestorm in Washington after Trump fired Federal Bureau of Investigation chief James Comey, whose agency was investigating links between the president's 2016 election campaign and the Russian government.
The finance ministers and central bank governors from Britain, Canada, France, Germany, Italy, Japan and the United States also pledged to use all policy tools - monetary, fiscal and structural; individually and collectively - to promote sustainable and inclusive growth. The European Union also attends the informal forum.
"We will work to lift actual and potential growth, while ensuring that the fruits of economic growth are shared more widely", the statement said.
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The statement said that the US communicated its concerns to the Turkish government "in the strongest possible terms". And in general, Erdogan is a figure who presides over profound political polarization back home.
On the series as a whole, Cleveland shot 61-for-131 (46.6%) from beyond the arc, while Toronto went just 27-for-90 (30.0%). Lowry knew the Raptors' season was over after they lost Game 3 on Friday night, and he was feeling existential afterwards.
Coast Guard Academy in CT , where a complaint about media coverage was his only reference to the controversy swirling around him. Obama's security team asked for Trump's sign-off, as the plan would likely take place after Trump's inauguration.
Oversight Committee Chairman Jason Chaffetz of Utah said late Wednesday that Mueller is a "great selection". Democrats were far less sparing in their criticism and repeated demands for a special prosecutor.
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En la Ciudad de México se prevé temperatura máxima de 31 a 33 grados centígrados y mínima de 15 a 17 grados centígrados. Benito Juárez de la Ciudad de México , se espera cielo despejado a medio nublado con bruma la mayor parte del día.