Trump admin. singles out Germany for ‘exploiting’ US, signals currency war

“In comments published in the European press on Tuesday, Trump trade adviser Peter Navarro said the ‘grossly undervalued’ euro served as a currency for Germany alone, allowing the country to ‘exploit’ the United States and others.  On Capitol Hill, Treasury Secretary-designate Steven Mnuchin softened the traditional U.S. ‘strong dollar’ mantra, suggesting that the dollar’s current strength may be working against what has become perhaps the administration’s central economic priority: reviving U.S. manufacturing and exports.”

Read more: http://uk.reuters.com/article/us-usa-trump-germany-analysis-idUKKBN15F2WP

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