Donald Trump is not alone in criticizing Germany for its trade surplus. The European Commission and IMF do so too, but for other reasons. Fabian Lindner of the IMK Macroeconomic Policy Institute talks about trade imbalances and what they might mean.
Germany's statistics office has reported a renewed annual rise in the country's exports and imports. Europe's powerhouse managed to slightly narrow its trade surplus which has been in the firing line for many years.
Donald Trump has been making a show of irritation with Germany's trade surplus with the US. But Ulrich Kater, chief economist of DekaBank, says US policies drive Germany's surplus.
The German finance minister has rejected US charges that Germany's trade surplus is a sign of unfair policies and called on the Trump administration to remain engaged in trade liberalization.
German imports soared more than expected in January, outperforming an also surprisingly strong rise in exports, in a further sign that Europe's biggest economy is benefitting from growing global fortunes.
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