German Chancellor fires back at the Trump team on the euro

pulse

January 31, 2017 5:42 PM

Earlier on Tuesday, Trump's trade adviser, Peter Navarro, had told the Financial Times that Germany is using a grossly undervalued euro to its advantage.

markets insider

German Chancellor Angela Merkel responded to US President Donald Trumps trade advisers earlier comments on the "grossly undervalued" euro.

"," she said on Tuesday after meeting with the Swedish prime minister, according to Bloomberg News' Patrick Donahue and Arne Delfs.

"."

Earlier on Tuesday, Trump's trade adviser, Peter Navarro, told the Financial Times

"," Navarro, the head of Trump's new National Trade Council, told the Financial Times.

The Transatlantic Trade and Investment Partnership, or TTIP, is a proposed trade agreement between the EU and the US.

told the BBC

"The one thing I would do in 2017 is short the euro," Malloch told BBC. "I think it is a currency that is not only in demise but has a real problem and could in fact collapse in the coming year, year and a half. I am not the only person or economist of that point of view."

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