Germany's Export Slump: US & China Impact

Germanys export-driven economy is grappling with a dual blow from slumping demand in the US and China, leading to a record trade deficit with Beijing. President Trumps tariffs are exacerbating the situation, causing a significant drop in car, machinery, and chemical exports to the US. Meanwhile, Chinas exports to Germany are projected to decrease by ten percent, pushing Germany out of Chinas top five markets. Experts advise Germany to diversify its markets, tear down EU barriers, and pursue new trade deals to stabilize its economy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.