Exports "Made in Germany" are key to the country's prosperity. About 1 in 4 jobs here depends on the export sector. That makes Germany one of the winners from globalisation. But the global trend is to more trade barriers, not fewer.
A new study by the Bertelsmann Foundation has shown that many Germans are concerned about the long-term impact of globalization. Many feel that the domestic economy needs better protection from foreign competitors.
Europeans are still taking in the reality of a trade dispute with the US. Yet, economic historian Werner Abelshauser tells DW the topic should not be overly dramatized, not least because protective tariffs can be useful.
Moscow is mulling whether to ban or limit imports of US medicine in retaliation to Washington's new sanctions. But restricting access to vital medication is not necessarily a popular idea among all Russians.
Germany's Angela Merkel and Mexico's Enrique Pena Nieto have opened the world's largest industrial technology fair, in Hanover. It comes as both countries enter a challenging trade relationship with the US.
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