Donald Trump's "America first" slogan seems to take aim at foreign companies – either manufacture in the US, or face exclusion. He wants Americans to 'buy American' first and foremost. German companies are concerned about its biggest export partner.
Vietnam is hosting this year's Asia Pacific Economic Cooperation (APEC) summit, which gives it an opportunity to tout the benefits of global free trade. But convincing protectionists like Trump remains an uphill task.
Outgoing German Finance Minister Wolfgang Schäuble has warned against growing anti-free trade rhetoric. Without naming Trump and his America First policy, he said the world needs "more openness rather than less."
EU and Japanese officials have reached agreement "in principle" on a free trade deal. Both the EU and Japan have stressed that the pact is a rejection of the kind of protectionism US President Donald Trump advocates.
Without mentioning the United States, Chancellor Merkel has warned against protectionism ahead of the G20 summit in Germany. President Trump's anti-free trade rhetoric is likely to be a major issue at the July summit.
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