Trump and E.U. offer starkly different trade visions at G-20

Via the AP:

Competing visions of world trade are set to collide at the Group of 20 summit of world leaders in Hamburg, Germany, this week.

U.S. President Donald Trump’s “America First” approach faces off against the European Union and its support for broad free trade agreements, with the Europeans touting a new, far-reaching pact it is completing with Japan.

The summit takes place with the global economy in fairly good shape; the International Monetary Fund sees growth rising from 3.1 percent last year to 3.5 percent this year and 3.6 percent in 2018. But trade among countries has not recovered to the levels from before the global financial crisis.

Increasing trade is credited by economists for raising global growth and prosperity over the past decades. Its benefits, however, have been unevenly distributed among workers and industries.