'Germany creates jobs in USA' Angela Merkel in HUGE swipe at Donald Trump in WAR of words
DONALD Trump has been attacked by Angela Merkel in their trade war of words just days before the pair meet again.
The Trump-Merkel row: Germany and US argue over trade
The Chancellor and US President’s relationship is already rocky after Mr Trump claimed Germany was damaging America’s economy by flooding the country with foreign goods.
But Mrs Merkel lay the foundations for a frosty meeting at the G20 in Hamburg next week, claiming Germany creates more American jobs that it disrupts.
There is ten times more direct investment from her nation to his, than the other way around, Mrs Merkel claimed.
The Chancellor’s retaliation was met with raucous applause in her home nation as she began to defend German industry.
Speaking at The Economic Council of the CDU, Mrs Merkel said: “The fact that we have 10 times as much direct investment from Germany in the United States than there’s American investment in Germany has, of course, … a strong effect on the many jobs we create.”
“(The US) should also take into account that [car maker] BMW has its largest production site not in Germany but in the United States … and exports more cars from there into third countries than Ford and General Motors combined.”
Angela Merkel (C) visits the 42nd summer fest of "Working Committee for Mid-sized Enterprises"
Mrs Merkel was responding to claims from Mr Trump at an earlier G7 meeting her country is “very bad” on trade.
Mr Trump’s team said Germany is exporting significantly more than it imports - and that the new President wants more US products to be purchased.
Commerce Secretary Wilbur Ross said the US expects a “larger share” of the German market.
The US has repeatedly criticised Germany’s record current account surplus an called for rapid change.
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It’s a measure that can be observed, but then you also need to ask by which factors it is influenced
But Ms Merkel stood firm.
She said: “It’s a measure that can be observed, but then you also need to ask by which factors it is influenced.”
Earlier in 2017 Mr Trump expressed anger over the trade deficit with Germany and the trade gaps which stands at about £52.92billion ($67.8bn) per year, between the two nations.
In May he tweeted a warning to Europe it “will change”.
The White House claimed Germany is unfair with trading policy - yet it cannot meet the two per cent payment for Nato membership.
Angela Merkel said Germany creates US jobs at CDU business event
Frustration towards the Trump administration is growing from Brussels as member states are infuriated by the policies of the president.
Most notably, Trump refused to get onboard with the Paris Accord on climate change.