President Donald Trump and his advisors have taken on the EU and the Euro. Specifically, Peter Navarro, the head of Mr Trump’s National Trade Council, said euro was like an “implicit Deutsche Mark” and “grossly undervalued”.

German chancellor Angela Merkel responded Germany “will not influence the behaviour of the ECB”.

Let’s take a look at the claims and counter-claims to sort out the obvious lies.

Please consider Trump’s Top Trade Adviser Accuses Germany of Currency Exploitation.

Germany is using a “grossly undervalued” euro to “exploit” the US and its EU partners, Donald Trump’s top trade adviser has said in comments likely to trigger alarm in Europe’s largest economy.

At a meeting with pharmaceutical bosses on Tuesday, Mr Trump accused Japan and China of using monetary policy to pursue “devaluation” in the past to gain a trading advantage over the US.

“They play the money market, they play the devaluation market, while we sit here like a bunch of dummies,” Mr Trump said.

“A big obstacle to viewing TTIP as a bilateral deal is Germany, which continues to exploit other countries in the EU as well as the US with an ‘implicit Deutsche Mark’ that is grossly undervalued,” Mr Navarro said. “The German structural imbalance in trade with the rest of the EU and the US underscores the economic heterogeneity [diversity] within the EU — ergo, this is a multilateral deal in bilateral dress.”

Besides publicly supporting the British government in its negotiations with the EU over the terms of its exit, Mr Trump called the EU a vehicle for Germany, and Nato an obsolete alliance.

Mr Navarro, however, said he was not concerned about the possibility of a stronger dollar and its impact on US exports.

Merkel Rejects Navarro’s Claims

The BBC reports Merkel Rejects Trump Advisor Euro Claim.