Published: Sat, July 01, 2017
Markets | By Erika Turner

German parliament to vote on gay marriage

German parliament to vote on gay marriage

"Now we look forward to the chancellor's speech".

U.S. President Donald Trump reportedly slammed Germany's trade surplus as "very bad" during a North Atlantic Treaty Organisation summit in Brussels in May.

Germany's parliament is set on Friday to vote to allow marriages between people of the same sex, embarrassing Chancellor Angela Merkel's conservatives and handing her Social Democrat (SPD) challengers a rare victory months before a national election.

Merkel, who will host a G20 summit in Hamburg on July 7-8, said late on Monday she did not see common interests between the United States and Europe on climate and trade policy at the moment. German officials said earlier that Ross had canceled a trip to Berlin to address the meeting in person. Germany, which has a record trade surplus, is the target of a new American administration accusing it of unfair competition.

"As your biggest customer, we hope to obtain a larger share of your market", he said.

With eye on China, Trump may up pressure on North Korea
McMaster said Wednesday in public remarks at a national security conference, noting that "the threat is much more immediate now". President Trump recently said in a tweet that Chinese efforts to counter North Korean aggression haven't worked.

The comments followed an address from Wilbur Ross, the USA secretary of commerce, who said Trump is open to resume talks on the Transatlantic Trade and Investment Partnership (TTIP).

"But on the issue of climate protection or free trade, we do not have this at the moment", she said, adding that Trump had a vision of globalisation "that is different to mine - very much so".

Germany's trade surplus over the USA - which amounted to around $65 billion in 2016 - creates jobs for Americans, according to Merkel.

In 2013, Merkel also expressed worries about gay couples being allowed to adopt, saying she was concerned about the "children's welfare", the BBC reported.

Germany's Economy Ministry later weighed in to the debate, saying Ross's criticism "contained nothing new" and dismissing a report he is compiling on the potential risks to the US of steel imports - a document that Germany fears could have grave consequences for its own steel industry. "Trade is not something where the one side wins and the other side loses". Merkel is seeking re-election for a fourth term in September.

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