Trade and Finance in the Era of Donald Trump: A European Perspective

The change in the White House has significant implications for the transatlantic economic relations. Suddenly, the dialogue on a Transatlantic Trade and Investment Partnership has been replaced by the threat of a trade conflict. President Trump and his economic advisors appear to interpret the American trade deficit as the result of unfair policies implemented by the Europeans, namely the Germans.

Two issues are particularly important. First, President Trump considers European trade policy to be protectionist. Second, and more importantly, he has singled out the monetary policy of the European Central Bank as being responsible for the undervaluation of the euro and the problems of American exporters.

Germany in particular suddenly has a problem. Three quarters of the eurozone’s current account surplus of about 400 billion US dollars are generated in Germany. Germans take pride in the success of their export industries, but fail to acknowledge the effects: surpluses of some countries need to be matched by other economies’ deficits.

It appears not unlikely that 2017 will see a showdown between the USA and Europe on trade and monetary policy. Chancellor Merkel’s expectation to use the G20 Summit in Hamburg as a demonstration of her ability to manage Germany’s and Europe’s economies may backfire. Rather than proving unity, the G20 countries might be caught up in a bitter dispute over future economic relations.

Listen to the audio recording of this event on ANU Soundcloud

Registration required

by Monday 20 March

Free and open to the public

For more information download the event flyer (424.38KB PDF)

The ANUCES is an initiative involving six ANU Colleges (Arts and Social Sciences; Law; Business and Economics; Asia and the Pacific; Medicine, Biology & Environment, and Engineering & Computer Science) co-funded by the ANU and the European Union.

Date & time

Tue 21 Mar 2017, 12am


The Nye Hughes Room ANU Centre for European Studies Building 67C, 1 Liversidge St, ANU Canberra ACT 2601


Professor Heribert Dieter, German Institute for International and Security Affairs


ANU Centre for European Studies


Updated:  23 May 2017/Responsible Officer:  Head of School/Page Contact:  CASS Marketing & Communications