The US is the biggest export market for German manufacturers of medical equipment. President Trump has cast a shadow over this trading partnership with threats of protectionism. Companies are thinking up a Plan B.
Vietnam is hosting this year's Asia Pacific Economic Cooperation (APEC) summit, which gives it an opportunity to tout the benefits of global free trade. But convincing protectionists like Trump remains an uphill task.
Fresh data is showing that rebounding exports and rising business investments were the main drivers of growth in Europe's largest economy over the summer, confirming Germany's robust expansion.
Outgoing German Finance Minister Wolfgang Schäuble has warned against growing anti-free trade rhetoric. Without naming Trump and his America First policy, he said the world needs "more openness rather than less."
Stocks on Wall Street have jumped as markets appear to like Donald Trump's softer tone. The US President's first speech to Congress failed to provide any details on his economic policy, but investors looked unfazed.
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