Trump ruffles feathers by calling Germans 'bad' _ on trade
- Author: Zachary Reyes Jun 01, 2017,
Jun 01, 2017, 8:00
Donald Trump's top economic adviser acknowledged that the president said Germany is "very bad" when it comes to flooding the USA with autos, but insisted it wasn't a dig at one of the United States' most-important allies.
European Council President Donald Tusk admitted on Thursday that the bloc is still at odds with the United States over issues like climate, trade and Russian Federation. In January, he told the newspaper Bild that he wanted to hit BMW with a 35 percent import duty for selling so many cars to American consumers.
"He did not say that the Germans were behaving badly", Juncker said. If someone is saying the Germans are bad that doesn't mean this can be translated literally.
In January, the United States president threatened to impose a 35 percent import tax on German cars.
Jean-Claude Juncker expressed a similar sentiment.
A German government spokesman says trade surpluses like the one that's provoking Trump's ire are the result of market factors and are "neither good nor bad". "He said his dad is from Germany. So he was not aggressive at all".
He's vowed to negotiate a better trade deal directly with Germany that will benefit the American people, but he might run into some roadblocks, so to speak, seeing as how that is not technically possible.
Trump's specific criticism was that Germany's auto industry exported cars.
There's also a bigger issue here, which is that Trump has an intuitive distrust of trade deficits.
If you compute the total dollar value of cars exported from the United States, you'll find that we export $53.8 billion worth of automobiles.
In response to Trump's criticism, German vice chancellor Sigmar Gabriel, Angela Merkel's deputy, quipped that the USA automakers needed to come up with better cars.
Amid the rising trade conflict between the EU and the U.S., Trump announced on multiple occasions his intentions to levy a high punitive tariff on European products.
Tusk said that there are "too many leaks" about European Union leaders' conversations with other leaders.
German automakers "have created jobs here and opportunity, and that's gets tricky", Bostjancic said.
"Some wore the alleged slight as a badge of honor: "#The Germans are very, very bad #Trump.