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U.S. not close to any decision on border tax - Schaeuble
March 15, 2017 / 12:33 PM / in 4 months

U.S. not close to any decision on border tax - Schaeuble

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German Finance Minister Wolfgang Schaeuble presents draft budget for 2018 and mid-term plans for state spending until 2021 during a news conference in Berlin, Germany, March 15, 2017.Fabrizio Bensch

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said on Wednesday he was looking forward to the first meeting with his U.S. counterpart Steven Mnuchin on Thursday, adding he did not expect him to come to Germany with a closed mind on all matters.

Asked about proposals to introduce a U.S. border tax on imports, Schaeuble said that he did not view the new U.S. administration as being close to any decision.

"A country cannot just do this unilaterally," Schaeuble said, adding that he was not expecting a fundamental change in international tax policy, "at least not in the short term".

Reporting by Gernot Heller and Michael Nienaber; Editing by Madeline Chambers

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