NYTIMES (Konstantin Richter) - Germany Has Lost What It Did Best
The economy is in a terrible mess.
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The economy is in a terrible mess.
As cheap goods pour in, threatening the continent’s manufacturing sector, a search for solutions is becoming increasingly urgent.
| Keywords | europechinatrade-wareconomymanufacturingelectric-carseugeopoliticsinternational-tradeprotectionismbusinessglobal-affairssupply-chainforeign-policyindustrydecouplinggoodstariffseconomic-policy |
Germany has hugely increased its military spending, aiming to be less dependent on Washington. Its support for U.S. attacks on Iran may also give it leverage.
Germany’s chancellor seeks to reduce Europe’s reliance on China and the United States. He speaks with a bluntness that few business leaders share.
European leaders have been compelled to address the possibility of once-remote risks to the financial networks and technology that undergird their economies.
Since President Trump made threats about Greenland, the continent’s leaders have debated the rapid deterioration of U.S. ties in policy papers and at dinner.