Wade Jacoby in Washington Post Monkey Cage


Wade Jacoby in Washington Post Monkey Cage

On May 30, 2017, the Washington Post published a commentary by Transatlantic Academy Senior Fellow Wade Jacoby in its "Monkey Cage" feature for the work of political scientists. Entitled "Donald Trump just threatened Germany over trade. Here’s what you need to know," the piece brings insights from Jacoby's recent Transatlantic Academy policy paper "Surplus Germany."

"On Tuesday morning, President Trump wrote a tweet saying that the United States had a 'MASSIVE trade deficit with Germany,'" Jacoby writes. "He further said that this was bad for the United States and (in what seemed to be a vague threat against Germany) said that this would change. This follows on Trump’s reported statement in a closed-door session with European officials a week ago that German trade policy was 'bad, very bad.' What lies behind Trump’s complaints about Germany’s trade deficit? Here’s what you need to know... Even if Trump’s criticism rests on dubious assumptions, the United States is not the only country worried about Germany’s economic policy, and some of the U.S. concerns are both reasonable and long-standing. Germany’s large current account surplus is now in its 15th year and exceeds 8 percent of German gross domestic product. However, neither the Trump nor the Obama administrations, nor, for that matter, other European officials, have convinced the Germans that this is a problem, let alone that they need to solve it..."

The full article can be read here.

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