BLOOMBERG.COM
World leaders aren’t taking Donald Trump’s trade barbs lying down. After the U.S. president said Germany and Japan are gaming foreign-exchange markets to win favorable trade terms, Japanese Prime Minister Shinzo Abe joined German Chancellor Angela Merkel on Tuesday in pushing back and leading a global counter-charge to the accusations. “A massive clash is starting to emerge with Trump willing to get into major geopolitical spats with China and other countries to advance his ‘America First’ agenda,” Mark Leonard, director of the European Council on Foreign Relations, said in a phone interview. “Trump is trying to renegotiate everything, but I’m not sure how wise it is of him to launch all these bilateral attacks simultaneously.”
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World leaders aren’t taking Donald Trump’s trade barbs lying down. After the U.S. president said Germany and Japan are gaming foreign-exchange markets to win favorable trade terms, Japanese Prime Minister Shinzo Abe joined German Chancellor Angela Merkel on Tuesday in pushing back and leading a global counter-charge to the accusations. “A massive clash is starting to emerge with Trump willing to get into major geopolitical spats with China and other countries to advance his ‘America First’ agenda,” Mark Leonard, director of the European Council on Foreign Relations, said in a phone interview. “Trump is trying to renegotiate everything, but I’m not sure how wise it is of him to launch all these bilateral attacks simultaneously.”
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