Export-Dependent Germany Hit by More than US-China Trade War.
But ballooning inventories point at risks next year.
No economy is as dependent on a trade surplus as Germany.
That Trump is bungling the debate became clear when he was getting bashed like a sitting duck from all sides: Corporate America, China, the EU, other entities that would lose, and their propaganda outlets in the media.
The biggest problem with Nafta remains unaddressed: Wage repression in Mexico, including via “protection contracts” as condition for building a plant.
Exports are dominated by two countries, imports by three. And everything revolves around China.
How the US Trade War with China over autos stacks up against the Trade War the US Lost against Japan.
Moody’s chimes in.
Years of “growth at any cost” led to accounting fraud, huge government bailouts, and murky restructuring plans.
After decades of relentless offshoring, the equation may change for automakers and component makers.