Article snippet: WASHINGTON — The last time relations between the United States and Europe were this bad — in the spring of 2003, during the buildup to the invasion of Iraq — the administration of George W. Bush decided to “punish France, ignore Germany and forgive Russia,” in a phrase attributed to the national security adviser at the time, Condoleezza Rice. Now, President Trump has flipped the formula, punishing Germany while largely ignoring France. (His conciliatory approach to Russia seems more or less in line with the Mr. Bush of 2003.) The difference this time is trade. Germany runs a chronic, yawning trade surplus with the United States, which Trump administration officials say Germany has widened by exploiting a weak euro to put American exports at a disadvantage. That, more than differences over climate change, is driving a wedge between the two countries. “We have a MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military,” an angry Mr. Trump said on Twitter on Tuesday morning. “Very bad for U.S. This will change.” Mr. Trump was continuing a drumbeat he began during his visit to Europe, when he told European Union officials that Germany was “very bad” on trade. But the president’s campaign against Germany, while accurate on the statistics, overlooks the benefits in the German-American trade relationship, and overstates Berlin’s ability to do much about it. German companies employ roughly 700,000 people in the United States. Car... Link to the full article to read more
Blind Spots in Trump’s Trade Tirade Against Germany - The New York Times
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