Trump Merkel

President Donald Trump has ramped up pressure on Germany to scrap the Nord Stream 2 pipeline from Russia and boost its defence spending.
Trump threatened to impose sanctions and shift 2,000 troops out of Germany if it doesn’t comply.
“It’s not a giant leap to see Trump weaponizing trade to achieve this ambition,” said Neil Wilson, chief market analyst for Markets.com.
View Markets Insider’s homepage for more stories.

President Donald Trump has ramped up pressure on Germany to scrap a gas pipeline from Russia and boost its defense spending, threatening to impose sanctions on the European ally and move American troops elsewhere if it doesn’t comply.

“We’re looking at it,” Trump told reporters at the White House on Wednesday, referring to potential sanctions if the Nord Stream 2 pipeline goes ahead. “It really makes Germany a hostage of Russia if things ever happened that were bad.”

Rising tensions between the US and Germany also risk opening a new front in the trade war.

US lawmakers fear the pipeline would tighten Russia’s grip on European energy, bolstering its clout on the continent and allowing it to cut off gas supplies currently transported through Ukraine. Members of Congress have drafted a bill that would target sanctions at …read more


Source:: Businessinsider – Finance

      

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *