Merkel warns Trump against protectionism
'There are more advantages ... to moving forward together than when everyone resolves their problems for themselves'
German Chancellor Angela Merkel warned Saturday against protectionist tendencies of US President-elect Donald Trump, citing lessons learned in the 2008 global financial crash and stressing the need cooperation and united action.
“My profound conviction is that there are more advantages … to moving forward together than when everyone resolves their problems for themselves,” she told a press conference at a meeting of her CDU party.
Asked if she believed “protectionist tendencies” by Trump could pose a threat, Merkel recalled the example of the 2008 global financial crisis, which “came from the United States.”
“As heads of state and government [of the G20], we said: ‘We must resolve the problem facing us together,'” she said.
“And the response to overcome that financial crisis was not a response based on closing oneself off, but a response which called for cooperation, for common rules, for regulation of financial markets.”