Merkel hopes China-U.S. trade problems will be over soon

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Merkel hopes China-U.S. trade problems will be over soon
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German Chancellor Angela Merkel said on Friday that China-U.S. trade problems af...

BEIJING - German Chancellor Angela Merkel said on Friday that China-U.S. trade problems affect the whole world and that she hopes they will be resolved soon.

Merkel made the remarks at the start of formal talks with Chinese Premier Li Keqiang at Beijing’s Great Hall of the People during a two-day trip to China. Germany’s economy contracted on weaker exports in the second quarter, and leading economists say it is facing a recession, as German firms have been caught in the crossfire of a U.S.-China trade war.

Merkel has pushed for a European investment deal with Beijing, even as Washington has resorted to waves of tariffs to counter what it says are China’s unfair trade practices. The United States’ European allies, including Germany, largely share its criticisms of China, but not Trump’s choice of tariffs to resolve the issues.

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