Commentaries, Analysis, And Editorials -- May 30, 2017

German Chancellor Angela Merkel and U.S. President Donald Trump before talks at the G7 summit in Taormina, Sicily, Italy, May 26, 2017. Guido Bergmann/Courtesy of Bundesregierung/Handout via REUTERS

Danny Vinik, Politico: Trump's right about Germany

His diagnosis is imprecise but Merkel's economic policies really are hurting the U.S.

President Donald Trump had harsh words for Germany at a NATO meeting in Belgium this week, where he reportedly referred to the Germans as “bad, very bad.” Gary Cohn, the president’s top economic adviser, later clarified that Trump was referring to Germany’s trade practices.

The criticism of a close U.S. ally at a typically pre-programmed diplomatic conference raised eyebrows across Europe, as world leaders sought to understand the new, unpredictable American president. But to many economists, such criticism was long overdue. They believe Germany’s economic policies really have hurt global economic growth, especially in Europe whose recovery from the 2008 financial crisis has been very slow — much slower than in the United States.

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Commentaries, Analysis, And Editorials -- May 30, 2017

Trump's Right: Germany's Trade Surplus Is Too

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