Daily Management Review

Germany is concerned about a possible US-EU trade war


07/06/2017


Germany is concerned that US President Donald Trump can launch a trade war with Europe, German Foreign Minister Sigmar Gabriel said on Thursday before the G20 summit in the port city of Hamburg.



SPD-Schleswig-Holstein via flickr
SPD-Schleswig-Holstein via flickr
"There are things that cause great concern with that the United States is starting a trade war with Europe," Gabriel told Deutschlandfunk. He added that Berlin will continue to seek a dialogue in which Germany and the United States could act together.

Returning from a multi-day trip to the Persian Gulf region, Gabriel also said that at present there is no risk of military escalation in the Qatari crisis, and that progress has been made.

In May, US President Donald Trump aggravated relations between the US and Germany by posting a tweet in which he accused Berlin of unfair trade relations with the United States and a refusal to pay for a stay in NATO.

Trump’s tweet was posted a few hours after German Foreign Minister Sigmar Gabriel stated that the "short-sighted policy" of the administration was weakening in the West.

The disagreements between the Trump administration and Berlin have become a pain point in the more turbid transatlantic relations complicated by the European trip of Trump. As a result of the summit, Angela Merkel noted that Europe should "take its destiny" into its own hands, since it cannot continue to depend on US leadership.

Germany maintains a significant surplus of trade balance with the US, which is due to the growth of its exports, which has repeatedly been criticized by Trump.

source: reuters.com






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