The European Commission has announced it will investigate Germany trade figures. For several years now, Germany's current account surplus has exceeded EU limits.
Unfazed by an escalating trade conflict between the US and China, German companies were able to log strong export figures for August. But there are no guarantees it will remain so rosy for the rest of the year.
China's vast export engine unexpectedly accelerated in September, producing a record trade surplus with the United States that could worsen already strained relations between Beijing and Washington.
Even just a few months before the UK exits the EU, there's no clarity as to what future trade ties between the two sides will look like. German industry bodies warn a hard Brexit would be disastrous for businesses.
The comments targeting the trans-Atlantic relationship come as US-EU trade negotiations are in an early stage. In July, the two sides agreed to de-escalate a brewing trade fight.
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