Trump belittles Germans during European Union meeting

Cheryl Sanders
June 7, 2017

"You can build cars for the United States, but for every vehicle that comes to the U.S., you will pay 35 percent tax", Trump said in an interview with German newspaper Bild.

While the White House denies it's attacking German automakers, it's still complaining about the trade deficit with Germany.

In January, the USA president threatened to impose a 35 percent import tax on German cars.

"The Germans are bad, very bad", Trump told European Union officials in a closed-door meeting, Der Spiegel reported, citing unidentified attendees. 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".

Mr Tusk said he had been "positively surprised" by the United States president's take on Britain's decision to leave the European Union when they met in Brussels on Thursday.

"See the millions of cars they sell in the USA, terrible".

President Donald Trump is ready to fight Germany in an auto battle according to Germany's Der Spiegel. G-7 finance ministers meeting in Bari, Italy, earlier this month agreed only to say they are "working to strengthen the contribution of trade to our economies".

Trump's economic advisor Gary Cohn also insisted the exchanges had been amicable but that an important issue for the new administration had been put on the table. "Terrible. We will stop this".

On Friday, the report became popular among the German press and on social media, causing a backlash.

The United States has not been alone in expressing occasional criticism of Germany for its massive $270 billion annual trade surplus.

Juncker also pointed out that it's impossible for the make trade deals with Germany alone - it's the whole European Union or nothing.

The U.S. State Department said in March that "Crimea-related sanctions will remain in place until Russian Federation returns control of the peninsula to Ukraine".

Trump is not the only leader to criticize Germany's trade surplus.

According to MIT's Observatory of Economic Complexity, a visualization tool for worldwide trade data, Germany has a $252 billion positive trade balance, with the majority of goods being cars, which make up 12 percent of all exports. We have an annual net bill of $10 billion dollars in cars exported from SC.

Other reports by iNewsToday