Forex News 24
  • RSS

news

Merkel defends German trade surplus, says trying to boost domestic demand

Merkel defends German trade surplus, says trying to boost domestic demand
админ
17/03/2018

Angela Merkel 300x200 - Merkel defends German trade surplus, says trying to boost domestic demand

Germany is trying to stimulate domestic demand to offset strong exports, but wants a keen appetite for German products to continue, Chancellor Angela Merkel said in a video podcast on Saturday.

Merkel said Germany’s trade surpluses, attacked by U.S. President Donald Trump, were narrowing due to rising domestic demand, and the government would continue to try to support that trend.

But she noted certain factors that affect trade balances, such as oil prices and currency fluctuations, were outside Germany’s control.

“And of course, the trade surpluses show that our products are in demand. And we naturally want that to remain so in the future,” she said.

German Economy Minister Peter Altmaier will visit Washington on Sunday to press for a waiver from U.S. steel and aluminum tariffs as part of a broad push by the European Union to reverse the U.S. trade sanctions.

Merkel said on Friday the planned U.S. tariffs violated the principles of the World Trade Organization and the dispute should be resolved via talks if possible.

Source

Related ItemsAngela MerkelcurrencyeconomyfluctuationsGermanytradeTrumpworld

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
17/03/2018
админ
Related ItemsAngela MerkelcurrencyeconomyfluctuationsGermanytradeTrumpworld

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

USD/JPY Bounces From Lows Amid Report of Trump, Kelly ‘Truce’
Wall Street’s tech love affair might end in tears