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Navarro doesn't actually say whether Germany meets the quantitative criteria to be considered a currency manipulator as defined under the  Trade Enforcement and Facilitation Act of 2015.  Also, shouldn't the analysis be more correctly applied to the Eurozone as a whole, as that is the currency we are talking about?

Trump seems to adopting a scattergun (or scatterbrained) approach to selecting targets without having a prioritised action plan to deal selectively with what he considers to be his biggest problems. He seems to be upsetting every World leader he talks to. Even Theresa May was forced into an embarrassing climbdown over her initial reaction to the Muslim immigration ban.

It's reminiscent of Nazi Germany attacking the Soviet Union before it had won in western Europe. Why attack Turnbull when he might need his help to deal with China?

But perhaps the real purpose of Trumps tactics is just to generally throw his weight around, to see if he can intimidate anyone to do his bidding.  Somehow I don't think this will work with the EU, and with Merkel in particular. She will probably be strengthened by Trump raising the ghosts of Germany's past, and the EU will have a useful external threat to enhance internal cohesion and solidarity just when it needs it most - as Brexit and the hard right seek to overturn the postwar settlement of Europe.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Feb 2nd, 2017 at 09:31:01 PM EST

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