The Nerve

After all Germany has done for Iraq.

Siemens

Germany’s main industry federation said U.S. pressure to quash Siemens AG’s $15 billion power-plant deal with Iraq is unacceptable and shows how President Donald Trump’s “America First” stance is corroding business decisions.

Iraq signed a memorandum of understanding with General Electric Co. on Oct. 15 after U.S. officials warned Prime Minister Haider al-Abadi that U.S.-Iraqi relations would be at risk if his government accepted the deal with Siemens, Bloomberg reported.

Hey. All’s fair in love and business (Siemens is fighting back).

“To implement the America First doctrine in this way in the global competition of multinational companies is not acceptable.”

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Update: Why Germans Always Pay Cash?

Because they can. Take cash-stuffed German mega-companies, for instance.

Cash

They’re buying everything they can find in US-Amerika these days that hasn’t been tied down.

In recent days, two multibillion-dollar deals were announced. On Sunday, the German engineering conglomerate Siemens announced a $7.6 billion acquisition of the Dresser-Rand Group, the United States oil products company. And on Monday morning, Merck of Germany, the chemical and drug giant, said it would pay $17 billion for Sigma-Aldrich, an American life sciences company.

PS: Remember when Japan was going to take over the United States? No, I guess you wouldn’t remember that. Never mind.