Merkel pushes back against renewed Trump criticism of surplus

Merkel pushes back against renewed Trump criticism of surplusBy Andreas Rinke TAORMINA, Italy (Reuters) – Chancellor Angela Merkel pushed back on Friday against renewed criticism of Germany’s trade surplus from U.S. President Donald Trump, who told EU officials Germany was “very bad” on trade and suggested it was selling too many cars in the United States. Merkel told reporters she had explained to Trump during a G7 summit in Sicily that the surplus was due in part to factors out of Germany’s control and had also highlighted the extent of job-creating German direct investment in the United States. The two agreed to set up a working group that will exchange information on bilateral economic ties, a step German officials said was designed to forestall any punitive measures from Washington based on an incomplete picture of the relationship.

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