Yale’s Stephen Roach: G-20 Meeting Was ‘Disappointing’ and ‘Disturbing’

Former Morgan Stanley Asia Chairman Stephen Roach was deeply dismayed by the recent G-20 financial leaders’ meeting, which he said was “indicative of a U.S. economy that is backing away from multilateralism.”

Financial leaders of the world’s biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist United States after a two-day meeting failed to yield a compromise, Reuters reported.

Breaking a decade-long tradition of endorsing open trade, G20 finance ministers and central bankers made only a token reference to trade in their communique on Saturday, a clear defeat for host nation Germany, which fought the new U.S. government’s attempts to water down past commitments.

Roach said G-20 leaders dropping their traditionally strong support of free trade was “disturbing” and reflected rising protectionism in the U.S., CNBC.com explained.

“It’s pretty disappointing when you get finance ministers from leading countries in the world who,



Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!