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Germany is the EU’s top exporter, selling items worth more than €1.2 trillion a year abroad. (Photo: Bundesregierung/Kugler)

US picks new fight with Merkel

The new US administration has once again antagonised Germany, this time by accusing it of currency manipulation.

Peter Navarro, a top trade adviser to US leader Donald Trump, told the Financial Times newspaper on Tuesday (31 January) that Germany was keeping the euro, which he called an “implicit Deutsche Mark”, artificially low so that it could sell more goods to other EU states and to the US.

“Germany … continues to exploit other countries in the EU as well as the US with an ‘...

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Germany is the EU’s top exporter, selling items worth more than €1.2 trillion a year abroad. (Photo: Bundesregierung/Kugler)

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Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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