German ministry declines comment on Trump adviser's comments

The German finance ministry declined to comment on Tuesday on remarks in which U.S. President Donald Trump's top trade adviser said Germany was using a "grossly undervalued" euro to gain advantage over the United States and its European partners. Peter Navarro, the head of Trump's new National Trade Council, told the Financial Times newspaper that the euro was like an "implicit Deutsche Mark" whose low valuation gave Germany a competitive advantage over its main partners.