Scholz hopes for the end of the trade dispute USA / China "in the foreseeable future"

Federal Finance Minister Olaf Scholz is counting on an early settlement of the trade dispute between the United States and China. "The escalation of the trade conflict between China and the US is a topic that moves everyone, so we will talk about it here too," said Scholz on Thursday at the margins of the IMF's annual meeting in Bali. "The hope is to see this conflict over in the foreseeable future - taking into account the interests of both countries and the interests of all other countries." Germany was also anxious to arrange with China relief from German investments and to negotiate better copyright protection.
At the IMF meeting in Bali, where the group of the 20 leading industrialized and emerging economies also gathers on the sidelines, Scholz also expects progress on the debt issue: "I am confident that we can communicate here on a number of issues, for example we need more information on the degree of indebtedness of individual countries. " He expects that more states would be involved in making their key data available to all other countries, also in order to be able to react swiftly and accurately in the event of a crisis.Another goal is to commit to a trade policy that uses the possibilities of free trade based on rules. After all, there are also encouraging signs here, such as the US Free Trade Agreement with Mexico and Canada. The talks between the EU and the US on the issue of disputes were otherwise "quiet".

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