January 31, 2017 | By: Robbie Gramer, Emily Tamkin
In his first week in office, U.S. President Donald Trump withdrew the United States from the Trans-Pacific Partnership, thereby dealing a massive blow to U.S. trade relations with allies and partners in Asia. For week two, Team Trump has set its sights on wrecking U.S. trade with Europe.
In an interview with the Financial Times, Trump’s top trade adviser Peter Navarro accused Germany of using a “grossly undervalued” euro, which he called an “implicit Deutsche Mark,” to steal an advantage on the United States in trade.
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