Exports to China fell even more sharply than those to the US, dropping 13.5 percent year-on-year to $63.5bn (54.7 billion euros) in the first eight months of 2025.
By contrast, imports from China rose 8.3 percent to $126.4bn (108.8 billion euros).
The key paragraph is above. Germany’s export to China fell sharply while import has increased.
That means the German export industry is pretty much cooked. It makes them even more reliant on the US consumer market to save their export industry. You see why the EU countries are taking orders from the US now?
Trump’s global tariffs have unleashed China’s mercantalism on to the entire world and unless China transitions into a domestic consumption economy and starts importing from the world, many exporter countries are going to be very vulnerable over the next few years. Expect to see IMF bailout at a scale never seen before (think 1997 Asian Financial Crisis but worse). Argentina is already taking a lead here.
And the worst part? It drives everyone back into USD. Fuck! I’m not gonna think any further.
The key paragraph is above. Germany’s export to China fell sharply while import has increased.
That means the German export industry is pretty much cooked. It makes them even more reliant on the US consumer market to save their export industry. You see why the EU countries are taking orders from the US now?
Trump’s global tariffs have unleashed China’s mercantalism on to the entire world and unless China transitions into a domestic consumption economy and starts importing from the world, many exporter countries are going to be very vulnerable over the next few years. Expect to see IMF bailout at a scale never seen before (think 1997 Asian Financial Crisis but worse). Argentina is already taking a lead here.
And the worst part? It drives everyone back into USD. Fuck! I’m not gonna think any further.