The US is Germany's top destinaton for exports. But the presidential election result could have dire consequences for the future of this trading partnership, according to Gabriel Felbermayr of the Ifo Institute.
German exports recorded a surprise fall in October for the second straight month while imports grew, narrowing the massive trade surplus of Europe’s biggest economy. But the decline is unlikely to silence critics.
China and Australia have traded claims of undue political influence and racial prejudice. Opposition politicians in Australia have accused Prime Minister Turnbull of jeopardizing the country's biggest trade relationship.
The hostility between Turkey and Israel has resurfaced over recognizing Jerusalem as the capital of Israel. Meanwhile, in terms of economic relations, trade between the countries has been growing steadily.
The US has ruled that tool chests imported from China have been subsidized and is slapping anti-subsidy duties on them. Trump’s tough stance on the Chinese appears to be kicking in, despite warmer words for Beijing.
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