HAMBURG Protectionist measures may well convey a place small-term benefits but will damage its competitiveness in the prolonged-operate, German Chancellor Angela Merkel claimed on Tuesday, in a thinly veiled warning to U.S. President Donald Trump.
Merkel claimed final month that just after meeting Trump she hoped the United States and the European Union could resume conversations on a trade settlement.
She had previously termed for globalization to be framed in multilateral agreements rather than see countries adopt protectionist measures. Trump has claimed he does not believe in isolationism but that trade plan should be fairer.
(Reporting by Jan Schwartz Producing by Paul Carrel Modifying by Madeline Chambers)