Trade conflicts cost prosperity around the world, German finmin says
SPY•German Finance Minister Lars Klingbeil said trade conflicts, tariff disputes and competition distortions create instability and cost prosperity worldwide. He plans to promote open markets and international cooperation at meetings in Bangkok.
1. Klingbeil’s Bangkok trip
Klingbeil said he would use discussions at the IMF annual meetings and the G20 finance ministers’ meeting in Bangkok to promote Germany as a reliable partner, with open markets and shared rules. He will travel with German Development Minister Reem Alabali Radovan, who said acute crises are occurring more frequently and their consequences are felt around the world more often.
