For Angela Merkel, the wakeup call came in the middle of the night. ... The German chancellor was asleep in her government plane somewhere over the Atlantic in June last year when Donald Trump scuttled the fragile settlement she’d built with other Group of Seven leaders in Canada, according to a person familiar with the events. ... Before turning in for the night, she’d been in a buoyant mood due to the concessions she secured from the U.S. president for a common statement on trade. When he went back on his word, she was stunned.
Almost 12 months on, the situation has only gotten worse. There’s a mix of anguish and frustration in Berlin and officials are asking themselves whether the relationship has already crossed the point of no return.
Even if Trump loses in 2020, they say the trust that underpinned the transatlantic friendship for seven decades may be gone for good. ... Germany has already started building new alliances that will safeguard its interests in a world where the U.S. won’t. And some of them are not to Washington’s liking.
I hope that the author’s wrong and that, post-Trump, America will be able to repair the damage that’s been done. Alienating the country that’s the economic powerhouse of Europe cannot be a viable long-term strategy.
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Germans grew up looking to the US as big brother and role model... unfortunately the big brother is now bullying them frequently...
.. so there will be a point of no return where the little dog, also knowing he is without a chance.. will bite back, regardless of the negative consequences..
the only hope I see is, that these are only deal tactics of Mr super dealer.. but the hope is fading with every new tweet from POTUS...
what nobody seems to remember is, that the US with the help of WTO and worldbank have forced industrial countries and developing countries alike to tear down any tariffs with sometimes very bad effects... so after the US was profiting for several decades now that the pendulum strikes back the US just changes the rules...
.. this of course does not make friends...
... for further reading: https://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man
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Confessions of an Economic Hit Man
Confessions of an Economic Hit Man is a partly autobiographical book written by John Perkins published in 2004. It provides Perkins' account of his career with engineering consulting firm Chas. T. Main in Boston. According to Perkins, his job at Main was to convince leaders of underdeveloped countries to accept substantial development loans for large construction and engineering projects that would primarily help the richest families and local elites, rather than the poor, while making sure that these projects were contracted to U.S. companies.
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