Europe Foreign Trade and International Economic Relations

America First, But Germany Second

If Trump wants a Europe that takes care of its own needs, he needs a strong partner in Berlin.

Donald Trump’s relationship with Angela Merkel has gotten off to a rocky start. Trump has, effectively, singled out Germany and its chancellor as his main nemesis in Europe. He has criticized her for her policy toward refugees, for an unfair trade policy, and for a lack of leadership in Europe. For its part, the German government, alongside many of its European … [continue reading]

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Economic Policy Election2017 Europe inequality ZEIT ONLINE op-ed column

Trump’s brand of populism feeds on frustration and fear

January 20, 2017 is a historic day, with Donald Trump’s entry into office as the 45th U.S. President marking the beginning of a new era. Yet his inauguration is accompanied, at least among certain political circles, by a widespread anticipation of his failure – as well as the belief that it’s only a matter of time until everyone else catches on.

The prospect of a Trump presidency is generating collective concern around the globe: since he was elected in … [continue reading]

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Statement on the Election of Donald Trump as US President

I expect the German economy to withstand the challenges arising from a Trump presidency. German companies are competitive, flexible and well diversified globally. I don’t expect that Germany’s trade with the USA will suffer significantly. My main concern is the European economy, which is still mired in a deep economic and financial crisis. The US election makes it more urgent than ever to speed up reforms and give the European economy a growth stimulus. I expect the euro to appreciate [continue reading]

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