Germany’s 2016 trade surplus sets record, may fuel U.S. tensions

Globe&Mail/Paul Carrel/02-09-17

Germany’s trade surplus climbed to a record high in 2016, official data showed on Thursday, days after U.S. President Donald Trump’s top trade adviser accused Berlin of exploiting a “grossly undervalued” euro to its advantage.

The surplus is likely to worsen tension between Washington and Berlin, which is trying to safeguard global free trade this year during its presidency of the Group of 20 leading economies, adopting the motto “Shaping an Interconnected World”.

PG View: Germany should be more concerned about the tensions building within the EU.

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