Opening up a new trade front with the EU would be an unwise move. Washington should opt for an amicable settlement among close friends and allies, writes Michael Ivanovitch.
Washington's lack of attention to European affairs is a costly mistake. Germany's refusal to reflate its economy and support the continent's growth is killing the market where the U.S. sold $63.4 billion worth of goods in the first two months of this year — one-fourth of all U.S. goods sales abroad.
China should quickly get out of the huge U.S. trade problem it created for itself. Beijing does not need that debilitating liability while it is trying to manage the issues of Taiwan, Tibet, contested maritime borders in the South China Sea, the explosive mix on the Korean Peninsula, a strategic China-Japan-Korea triangle and a sprawling"Belt and Road" global infrastructure investment initiative.
The symbolism of such a gesture would go a long way toward healing the regrettable and totally senseless estrangement of the U.S. and Germany — the two most important Western allies. The Germans argue that's none of their fault. They say it's all a matter of Washington's trade wars and policies undermining world peace and security.
That's ridiculous. Washington should talk with the Germans to come up with a credible plan of relaunching the EU economy. Otherwise, Berlin will be under relentless pressure to move during the next G-20 summit — the world's key economic forum — in Osaka, Japan on June 28 and 29. Berlin's long-suffering friends like France and Italy should join in, along with the International Monetary Fund and the Organization for the Economic Cooperation and Development.
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