BERLIN: Germany and China does not make sense anymore, United States commerce secretary Wilbur Ross said on Monday, noting that America has unilaterally given away all kinds of concessions ever since the end of World War II. “Think about it, we have unilaterally given away all kinds of concessions ever since the end of World War II. And, in the beginning that was probably good policy to rebuild Europe and rebuild Asia after the ravages of the war,” Ross told ABC News. “The mistake that our trade negotiators made way back then and continued to make was not time limiting it. Concessions that were perfectly reasonable to make to Germany in 1945 or China in 1945 don’t make sense anymore. Those are
now very mature, big, strong economies,” Ross said. “So, there’s a lot of history that needs to be undone,” he said, ahead of President Donald Trump signing an executive order that will impose a flat 25 percent import tax on steel and 10 percent on aluminium. Trump is expected to sign it next week. They make it impossible for our cars and more to sell there. Big trade imbalance,” Trump said. In another tweet, Trump said that trade wars are good and easy to win.
Germany Raises 2020 Growth Forecast Slightly to 1.1%
BERLIN: THE German government modestly raised its economic growth forecast for the country this year to 1.1%. Germany's economy, Europe's...
