German Industry Slams ‘America First' After Siemens Is Foiled in Iraq [MSN Money]
GE Aerospace (GE)
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Source: MSN Money
© Arno Burgi/picture alliance via Getty Images The Siemens logo is pictured at a location in Dresden, Germany, 29 April 2014. The supervisory board of Siemens meets on the same day in Munich to discuss if Siemens will take over French industrial conglomerate Alstom. Photo: Arno Burgi/dpa | usage worldwide (Photo by Arno Burgi/picture alliance via Getty Images) (Bloomberg) -- 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. Load Error 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. Adel Jeryan, Iraq’s deputy electricity minister for production and projects, said the country on Saturday
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