FIRST AIRED: May 12, 2017

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Transcript

00:00:00
>> Officially, the finance ministers of seven of the world's largest economies are meeting in Italy on Friday to discuss taxation, poverty, and national security. On the unspoken agenda, though, climate change, protectionism and digging out clues on US President Donald Trump's intentions. Participants' eyes are on the Secretary of the Treasury, Steven Mnuchin, to gauge the President's plans when he attends his first G7 Summit later this month.
00:00:29
Trump will be deciding after that whether to pull the United States out of the Paris Climate Change Agreement. Seeking out bilateral trade deals so he can scrap multi-country agreements has been another Trump trademark. One of his first acts was to pull the United States out of the Trans-Pacific Partnership.
00:00:46
Mnuchin's also expected to brief the Summit on Trump's efforts to revamp financial regulations. Including reforms implemented after the 2008 economic crisis. But at least one unknowns seems to have become known. Officials seeing the Summit's closing statement will reaffirm the G7's traditional opposition to manipulating the exchange rates. That should ease fears the States could break the groups united front against currency wars.