FIRST AIRED: February 1, 2017

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Transcript

00:00:01
>> Germany, the engine room of European growth. But according to Donald Trump, it's an engine fueled by a weak currency. His trade advisor calling the Euro grossly undervalued, and a way to let Germany exploit US, a claim Angela Merkel denied.>> Germany is a country that has always called for the European Central Bank to pursue an independent policy, just as the Bundesbank did before the Euro existed.
00:00:30
>> Eurozone monetary policy is set by the ECB, whose ultra easy stance has contributed to the Euro's recent decline. But Team Trump sees it differently. The US trade deficit with Germany was $77 billion in 2015. A weak Euro and strong dollar doesn't help the promise to put America first.
00:00:51
Reuters chief correspondent in Berlin, Paul Carroll.>> Merkel's instinct and strategy here is not to rise to the bait. To take emotion out of the debate and not to be provoked. She wants to engage in dialogue with Trump and his team.>> She'll have the chance when Trump visits Germany for a G20 summit in July.
00:01:11
In the meantime, others have been more firm. Martin Shultz, Merkle's election rival, called Trump's policies un-American. Donald Tusk, European Council president, said the new leadership was among the chief external threats facing Europe.>> Particularly, the change in Washington puts the European Union in a difficult situation, with the new administration seeming to put into question the last 70 years of American foreign policy.
00:01:39
>> Of greater concern to Europe, the next four years and whether they're on a collision course with Donald Trump.