Article 2AZAC Trump’s trade advis​​er says Germany uses euro to 'exploit' US and EU

Trump’s trade advis​​er says Germany uses euro to 'exploit' US and EU

by
Nick Fletcher
from on (#2AZAC)

Peter Navarro, head of new National Trade Council, claims currency is 'grossly undervalued', sending it to eight-week high

Donald Trump's top trade adviser has hit out at Germany and accused the country of gaining an unfair trade advantage from the "grossly undervalued" euro.

In a sign that the Trump administration is targeting currencies in its approach to trade deals, Peter Navarro, the head of the US president's new National Trade Council, told the Financial Times () that the euro was like an "implicit Deutsche Mark".

Related: 'Brutal, amoral, ruthless, cheating': how Trump's new trade tsar sees China

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