On Monday 23 July, the German Ifo Institute for economic research backed the idea of US Treasury Secretary Steven Mnuchin, that was raised on the sidelines of the G20 finance ministers' summit in Buenos Aires on 22 July, for a plurilateral free trade agreement between the G7 economies (the countries of the European Union, Canada, the USA and Japan).
"This is an offer that the EU definitely needs to accept. You cannot punish US protectionism with retaliatory tariffs in the name of saving...