Monday, 26 June, 2017

Trump ruffles feathers by calling Germans 'bad'

Steve Phelps | 27 May, 2017, 01:46

Trump's top trade advisor, Peter Navarro, has accused Germany of currency manipulation - like the Chinese - through "grossly undervaluing" the euro to boost exports.

"He did not say the Germans were behaving bad".

"Trump, Cohn added, had noted that "his dad is from Germany" and said: "'I don't have a problem with Germany. "See the millions of cars they sell in the US, terrible". "Terrible. We will stop this".

Berlin- President Donald Trump launched a salvo against Germany and its auto sales in the United States at a meeting on Thursday with European Union leaders, German weekly Der Spiegel reported. "He said, 'I don't have a problem [with] Germany".

André Schwarz, spokesman for the Federation of German Wholesale and Foreign Trade (BGA), called Trump's tough stance on Germany's trade surplus wrongheaded.

The president has repeatedly questioned Washington's relationships in the region, cheering Britain's vote to leave the European Union and engaging positively with anti-EU politicians like France's Marine Le Pen.

On Friday, the report spread rapidly through the German press and social media, igniting a backlash, including one response by a German industry group saying Trump's protectionist stance would make him "a loser".

At a meeting with senior European Union officials in Brussels on Thursday, Trump said Germany was "very bad on trade", according to the president's top economic adviser Gary Cohn.

In 2016, Germany had a US$64 billion trade surplus with the US.

Neither the chancellery nor the White House commented immediately on the report.

The BMW manufacturing plant in SC is the nation's leading exporter of vehicles, sending $9.53 billion worth of cars and SUVs to foreign countries in 2016 - a lot of them through the Port of Charleston.

President Donald Trump reportedly threatened the "Very Bad" Germans from selling their cars in the United States. "It is no secret that some leaders have different positions on climate, on trade". Then, a day after her visit Trump tweeted "Despite what you have heard from the FAKE NEWS, I had a GREAT meeting with German Chancellor Angela Merkel".

He said it was "also caused by factors that can not, or at least can not directly, be influenced by economic or financial policy measures in Germany".

During the meeting of leaders from the world's richest countries, Trump will describe to them what essentially is the "Trump Doctrine" on trade.

Trump did not respond about whether he made the comments when US reporters traveling with him shouted a question later Friday, according to a press pool report.

The issue of German cars blew up against a backdrop of concern among U.S. partners in the G7 club that Trump's "America First" agenda could lead to protectionist measures which could roll back decades of trade liberalisation between the world's most advanced economies. "If you have tariffs, we should have tariffs", Cohn said.

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