a minute agoMerkel criticises US: Uneven Americans in EU report
Periskopi(8 years ago)
(8 years ago)German Chancellor Angela Merkel has said commercial accounting methods are outdated and need revision. It has criticised US President Donald Trump by repeating frustrations over the US trade deficit, saying Americans actually have a success with the European Union if [...]
It has criticised United States President Donald Trump by repeating frustrations over the US trade deficit, saying Americans actually have a success with the European Union if certain financial services and transactions are based together with goods as part of the equation.
The subx0> The commercial TVs are calculated today through the old” methods, she said before an audience in Berlin. If the services and other forms of revenues involved, she said “The United States has a huge success with Europe. And the service part will constantly increase”.
The Chancellor also said that German direct investment in the US, which is not covered in the current account, was significantly higher than on the other side, “reported. DW” Transmission Periscope.
The US had a deficit with the EU in goods. It imported $153 billion more in goods than in exports.
It had a surplus with the EU in primary services and revenues. The US transferred $17 billion more to services and primary income to the EU than it has received.
Taken together, the U.S. had a 14 billion-dollar current account deficit./Periscopi/
