Chancellor Angela Merkel is telling German business leaders that she won't give up on a free trade deal between Europe and the U.S., and will seek broad agreement on trade at next month's Group of 20 summit.

Prospects for the planned EU-U.S. deal look poor, particularly after President Donald Trump quit a Pacific nations' trade agreement.

But Merkel told an annual German industry congress Tuesday: "I will continue to push for us to move forward here, for us not to put the project on ice."

Merkel will host the G-20 summit July 7-8. She underlined the advantages of free markets and trade and said she will seek a "broad agreement."

She added: "In view of the new American administration that isn't easy, but we must make the effort."

Source: Fox Business
 

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