Trump tweet very frankly criticizes German trade surplus with USA, and limited contribution to (German) military
https://twitter.com/realDonaldTrump/status/869503804307275776, dated 30th May 2017,
"We have a MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military. Very bad for U.S. This will change"
The above tweet of USA president Donald Trump is as frank and as "telling it like it is" (from his perspective) as it can get!!!
Some details sourced from related New York Times article, Blind Spots in Trump’s Trade Tirade Against Germany, https://www.nytimes.com/2017/05/30/world/europe/trump-merkel-germany-macron.html :
Germany's trade surplus with USA in 2016: A mammoth $64.8 billion.
Germany's spending on defense as percentage of GDP: 1.2% which is significantly below the 2% threshold NATO has set for its members.
The article notes that France too has a trade surplus with USA but not as big as Germany's, and that France too does not meet the 2% of GDP threshold for defense spending as it spends 1.8% but the gap is much lower than that of Germany. Perhaps therefore Trump was not publicly critical of France.
The article mentions a Germany positive for the USA: 700,000 people being employed by German industries in the USA.
Ravi: I am overwhelmed by this tweet from USA president Trump. Talk about disruptive management style! I wonder how things will play out down the line.
"We have a MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military. Very bad for U.S. This will change"
The above tweet of USA president Donald Trump is as frank and as "telling it like it is" (from his perspective) as it can get!!!
Some details sourced from related New York Times article, Blind Spots in Trump’s Trade Tirade Against Germany, https://www.nytimes.com/2017/05/30/world/europe/trump-merkel-germany-macron.html :
Germany's trade surplus with USA in 2016: A mammoth $64.8 billion.
Germany's spending on defense as percentage of GDP: 1.2% which is significantly below the 2% threshold NATO has set for its members.
The article notes that France too has a trade surplus with USA but not as big as Germany's, and that France too does not meet the 2% of GDP threshold for defense spending as it spends 1.8% but the gap is much lower than that of Germany. Perhaps therefore Trump was not publicly critical of France.
The article mentions a Germany positive for the USA: 700,000 people being employed by German industries in the USA.
Ravi: I am overwhelmed by this tweet from USA president Trump. Talk about disruptive management style! I wonder how things will play out down the line.
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