Wednesday, February 1, 2017

German economy minister: Trump signals on trade "alarming"

Germany's economy minister says the signals from President Donald Trump's administration on trade so far are "alarming," but that isolationism would also hurt the U.S. economy


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  • "What we have been experiencing for the last 10 days is alarming and disconcerting," "This goes in completely the wrong direction." "We must talk, talk, talk. The kind of isolation Donald Trump apparently strives for would hurt everyone, including American business." She added that "U.S. business can have no interest in an escalation either." Some of what Trump has announced "is not compatible with the principles of the World Trade Organization." 
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  • Yes many principles coming out of the last few days are unorthodox, disturbing - and does not help in the World Economies including US business and economies. By escalating friction - everyone will lose including US.

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