Chancellor Angela Merkel and the heads of the IMF, WTO and the World Bank have created a united front in defense of free trade. With the US threatening to impose protectionist measures, Berlin is emerging as the global capital of free-market liberalism.
By Torsten Riecke
Once a reliable defender of open-market liberalism, the American position toward free trade in the era of Donald Trump has been ambivalent at best and hostile at worst. As a result, multilateral organizations are now looking beyond Washington for leadership. And they appear to have set their sites on Berlin.