ECONOMY_ This Time, Trump Is Right About Trade

THE WALL STREET JOURNAL

ECONOMY - CAPITAL ACCOUNT

This Time, Trump Is Right About Trade

German and Chinese current account surpluses are symptoms of damaging imbalances.

By Greg Ip
May 31, 2017 5:33 a.m. ET


President Donald Trump took his bellicose economic agenda on the road last week, blasting Germany for its “very bad” trade surplus—or “evil” as one German newspaper translated it—then repeating the accusation on Twitter back home.

It was one of several slights that prompted German Chancellor Angela Merkel to respond frostily that Europe needed to determine its future without counting on American help.

Yet whatever Ms. Merkel...

READ MORE: https://www.wsj.com/articles/this-time-trump-is-right-about-trade-1496223180

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