January 31, 2018 / 12:08 PM / in a year

No indication Trump planning new trade restrictions - Germany

U.S. President Donald Trump departs after delivering his State of the Union address to a joint session of the U.S. Congress on Capitol Hill in Washington, U.S. January 30, 2018. REUTERS/Leah Millis

BERLIN (Reuters) - U.S. President Donald Trump gave no indication in his first State of the Union speech that his administration was planning new trade restrictions, German Economy Minister Brigitte Zypries said on Wednesday.

She added that an overhaul of the U.S. tax system that included lowering corporate taxes would have a mixed impact on German companies.

She said Germany and France had ruled out a race to the bottom on taxation in response to the U.S. reforms, which some fear could giver U.S. companies an advantage over foreign ones.

Reporting by Gernot Heller; Writing by Joseph Nasr; Editing by Michelle Martin

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