Washington signals about-face on globalization

AFP, WASHINGTON:  On free trade, globalization and multilateral organizations, the United States has done an about-face on international engagement, calling the vaunted “Washington consensus” into doubt.
During a meeting of G20 finance ministers and central bankers over the weekend in Germany, the new Trump administration blocked the longstanding resolution opposing protectionism and qualified its commitment to the multilateral trade system including the World Trade Organization.
“This is obviously a very significant change,” said Edward Alden.

Washington signals about-face on globalization

AFP, WASHINGTON: On free trade, globalization and multilateral organizations, the United States has done an about-face on international engagement, calling the vaunted Washington consensus into doubt. During a meeting of G20 finance ministers and central bankers over the weekend in Germany, the new Trump administration blocked the longstanding resolution opposing protectionism and qualified its commitment to the multilateral trade system including the World Trade Organization. This is obviously a very significant change, said Edward Alden.