Friday, 17 March 2017

Trump to meets Merkel:Talk on trade

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President Trump will meet German Chancellor Angela Merkel on Friday. How they get along could shape relations between the U.S. and Europe's economic powerhouse for years.
The omens for their first meeting aren't great. Trump accused Merkel of "ruining Germany" in 2015 with her open door to refugees. He has sent mixed signals about the European Union and spoken warmly of Russia's President Vladimir Putin.
His senior adviser, Peter Navarro, has taken aim at Germany's trade surplus, accusing the country of using a "grossly undervalued" euro to harm America. Now, Trump's talking about tariffs or taxes to protect U.S. jobs.
"The preconditions... are probably the worst we've seen so far," said Karl-Theodor zu Guttenberg, a former minister of defense, economics and technology in the German government.

Merkel, who grew up behind the Iron Curtain, will likely respond with a very clear message: Free trade works, don't build new barriers.

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