Germany Accused of Currency Exploitation by Trump’s Top Trade Advisor

[kreslik.news]

A Financial Times report today quoted Donald Trump’s top trade advisor Peter Navarro as saying that Germany is using a “grossly undervalued” euro to exploit the US and its EU partners.

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He said that the euro was like an “implicit Deutsche Mark” whose low valuation gave Germany an advantage over its main partners, suggesting that the Trump administration is focusing on currency as part of its tactics on trade ties.

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