Trump will buckle under pressure from Europe, says German economy minister
BERLIN (Reuters) - U.S. President Donald Trump will buckle under pressure from Germany and Europe in an escalating trade war, German Economy Minister Robert Habeck said on Thursday.
"That is what I see, that Donald Trump buckles under pressure, corrects his announcements under pressure, but the logical consequence is that he must also feel the pressure, and this pressure must now be exerted from Germany, from Europe," Habeck said in a news conference.
That's an odd one, there is quite a widespread impression that Europe is buckling under pressure from its own incompetence. Europe buckling under pressure from Europe we might say.
Trump may move on trade because that's what he does, how he makes deals. His first move was to get the issue on the table and he's done that. As for his next move, we'll have to wait and see.
6 comments:
A quick Google shows me Germany makes 5% of America's imports, whereas America makes 7% of Germany's. No wonder he corrected himself: "pressure from Germany, from Europe".
Sam - one more step and he could have said "pressure from Germany, from Europe, from the world".
Will Trump start to close US military bases in Germany? That would presumably cost the German economy a bit of money too.
dearieme - it must be tempting.
Well if you add climate change to economic planning, I think it will be Germany that will be buckling.
Tammly - so do I, it's a death buckle.
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