Thursday, 21 February, 2019

Trump Is Worried About The Trade Deficit With Germany. He Shouldn't Be

Trump Is Worried About The Trade Deficit With Germany. He Shouldn't Be Trump Is Worried About The Trade Deficit With Germany. He Shouldn't Be
Alfredo Watts | 03 June, 2017, 01:44

German officials have repeatedly insisted that, as a member of the European Union, they can not conduct bilateral trade talks with the U.S. and that they are not ready to dramatically increase military spending.

The result of such a shift in relations is likely to be a more independent Europe, very likely led by a robust Germany increasingly unencumbered by the restraints of World War II memories, some experts say.

Germany's Bundesliga is one of the top association football leagues in Europe, and the football league with the highest average stadium attendance worldwide.

These divergences were aired at a summit of G7 leaders in Sicily at the weekend at which Trump found himself isolated over his threat to ditch the 2015 Paris accord aimed at slowing climate change.

In turn, German Chancellor Angela Merkel suggested over the weekend that her country's relationship with the U.S. had shifted.

"My handshake with him, it wasn't innocent", Macron told French newspaper Le Journal du Dimanche. If Germany wants to cooperate with France on security, France is likely to look to Germany to make concessions on economic governance and spending.

Faced with a western alliance divided by Brexit and Donald Trump's presidency, Merkel said " die zeiten, in denen wir uns auf andere völlig verlassen konnten, sind ein Stück vorbei", or loosely translated "the times in which we could completely depend on others are on the way out" and added that "I've experienced that in the last few days". "This seems to be the end of an era, one in which the United States led and Europe followed", Ivo Daalder, director of the Chicago Council of Global affairs and former US envoy to North Atlantic Treaty Organisation, told The Washington Post.

"The trans-Atlantic partnership is of outstanding importance and what I said was merely meant to note that in view of the current situation there are more reasons. for us in Europe to take our fate into our own hands", Merkel told reporters in Berlin. "It's not the be-all and end-all of a policy, but it was a moment of truth".

After Merkel seemed to question the durability of the US-EU alliance under Trump, urging Europeans to "take our destiny in our own hands", White House spokesman Sean Spicer tried to scotch talk of any problems.

But European officials have been signaling for months that a more transactional and interests-based foreign policy under Trump would prompt the same from Europe.

European Commission President Jean-Claude Juncker called Mr Trump's decision "seriously wrong", while the commissioner for climate action and energy, Miguel Arias Canete, said "the world can continue to count on Europe for global leadership in the fight against climate change".

"Germany is a large, reliable and trustworthy partner for us", he added. And some experts see Europe pressing ahead on a European defense with renewed vigor, especially if Germany's Merkel wins a new term in September elections. The West has become smaller, at least it has become weaker'.