German Of The Day: Naivität

That means naivete, as in being gullible or simple-minded.

China

Here’s an example: Industry Leaders Accuse Europe of Naivete with Respect to China – China’s aggressive approach in extending its economic power is causing concern among European companies. They demand a tougher approach from Brussels – and a convincing vision.

Good luck with that, European industry leaders. “Europe” doesn’t have time to deal with little issues like that at the moment, nor will it have any time in the near future. It is too occupied with self-inflicted problems like uncontrolled migration and Brexit (and the ensuing financial crisis) and placing the next batch of non-elected and unaccountable EU eurocrats in power. But once all that is taken care of, who knows? That little Chinese issue might just get tackled, too.

Die aggressive Vorgehensweise Chinas bei der Ausdehnung seiner Wirtschaftsmacht bereitet europäischen Unternehmern Sorgen. Sie fordern eine härtere Gangart von Brüssel – und eine überzeugende Vision.

Advertisements

Political Paralysis?

That’s my thing now. That’s what I do.

Merkel

On the one hand, I could screw it up with this side. On the other hand, I could screw this up over here first. Decisions, decisions…

The global order that underpins German prosperity is unraveling, and Angela Merkel doesn’t know what to do. President Donald Trump’s America First policy is forcing Germany to make an impossible choice between the U.S. and China — pitting the force behind the country’s modern economic success against the key to its future growth…

For decades, the country profited from an international trading system run by the West and backed up by the military might of the U.S. The government just got out of the way and watched exports roll. Those days are over…

“Germany is caught up in a dilemma of changing trade patterns and doesn’t know how to react.”

Trump hin oder her – die USA bleiben Deutschlands wichtigster Absatzmarkt.

This Survey Is Clearly Incomplete

They trust North Korea more, too.

Trump

Germans trust China more than US two years into Trump’s presidency, survey finds – More Germans view China as a better partner with their country than the United States, according to a recently released poll showing souring relations since Donald Trump took office two years ago.

Germans hold an increasingly negative view of the relationship between the US and their country, with just 23.1 per cent saying they think the US is a better partner than China. Meanwhile, 42 per cent of Germans surveyed said that China is a more reliable partner than America.

Fast 60 Prozent sprechen sich für eine stärkere Distanzierung Deutschlands gegenüber den USA aus.

Trump Still Really Evil But…

German Carmakers Jump on Potential U.S.-China Tariff Truce. This is how Germany works, folks.

BMW

BMW AG rallied the most in more than three years after U.S. President Donald Trump said China had agreed to remove painful tariffs on imported American-made cars shipped to the world’s biggest automotive market. Daimler AG and Volkswagen AG also rose sharply.

BMW and Daimler, which export sport utility vehicles from U.S. plants to China, stand to be the biggest gainers from a potential reduction of tariffs. Six of the ten best-selling U.S. auto imports to China are made by the two German luxury auto manufacturers.

Autobosse treffen Trump Kurse von BMW, VW und Daimler schnellen in die Höhe.

When Had We Left The Jungle?

I wasn’t aware that we had.

Jungle

WTO Faces Existential Threat in Times of Trump -U.S. President Donald Trump has set his sights squarely on the World Trade Organization in Geneva. Even its critics are worried that without the organization, the world of trade would revert to the law of the jungle.

The U.S. and other industrialized nations made several concessions to developing economies when the WTO was founded in 1995 and significantly reduced their tariffs. In return, they were able to push through stronger protections for intellectual property. They hoped that the strategy would help slow China’s rise.

But from the U.S. perspective, the system has not been beneficial. And once China joined the WTO in 2001, that dissatisfaction only grew, partly because the Chinese proved adept at taking advantage of the rules. Even today, there is significant dissent within the WTO because the economic superpower China is still classified as a “developing nation” by the organization, which gives it certain privileges. On the other hand, China is fighting for recognition as a market economy, to which both the U.S. and the European Union are opposed because it would mean they could no longer defend themselves against state-subsidized Chinese exports with anti-dumping duties.

On top of all that, the WTO is facing a more fundamental problem: its size and its sluggishness. Negotiating rounds focused on removing tariffs have become increasingly complex. And because everything is up for negotiation at the same time, every member state can paralyze the process by simply exercising its veto. The Doha Round, launched in 2001, is a perfect example: It never achieved any results and has become symbolic of the WTO’s failure.

“The problems are coming from the behavior of a single country that would like to return to the jungle.”

But Nobody Said We Couldn’t Do It Until Now

Trump is right about trade and Merkel needs to do something about it, former German state secretary says.

Trade

In early March, Trump started by implementing tariffs on aluminum and steel imports — measures that did not represent a big impact for China, but did for countries like Japan and potentially Europe too.

Germany has also faced international criticism for its trade surplus, which means its exports outweigh its imports, as some see it as unfair, imbalanced and a cause for protectionism elsewhere.

“Germany is really out there as the main culprit, so to say, because Germany has the highest surplus, much higher than China in terms of GDP… Germany has to do something against it, that’s absolutely clear,”

And Yet Another Leap Forward Already

Back to the past, I mean.

Transrapid

Step one: Develop a a maglev train technology that any ecology-minded tree hugger and profit-minded industrialist ought to have been thrilled about.

Step two: Go out of your way as ecology-minded German tree huggers to make absolutely sure that this technology is a complete failure at home.

Step three: Give up as a government years later by auctioning off the technology to the lowest bidder. Fine, to the highest bidder. But they’ll be giving it away “for an apple and an egg,” as the German idiom goes.

Jahrzehntelang stand der Transrapid für die Mobilität der Zukunft – die in Deutschland aber nie Gegenwart wurde.

Germany Increases Its Pressure On China

This time by selling the Chinese 130 Airbus aircraft for $17 billion.

Airbus

And two pandas were also included to sweeten the deal. For Germany, I mean.

“Generally speaking, … in all our meetings with Chinese officials, human rights, rule of law and democracy issues play a role but I won’t go into specifics here.”

China’s communist authorities have launched a crackdown on elements of the country’s burgeoning civil society, jailing dozens of activists.

German Of The Day: König Kunde

That sounds a bit like King Kong but actually means king customer or the customer is king, if you prefer. And it’s nice to be the king, as you well know.

Uncle Sam

For decades, France was the single biggest importer of German goods. But that’s changed now. The United States has taken the pole position among clients for “Made in Germany” goods for the first time.

Seit dem Jahr 1961 kauft kein Land so viele deutsche Produkte wie Frankreich. Das hat sich nun geändert. Und auch damit zu tun, dass Amerika wieder mehr auf die Industrie setzt.

PS: But thank goodness Germany still has its trade with ten foot tall China, too.

 

Russian And Chinese Intelligence Services Now Big Edward Snowden Fans, Too

It’s not just the Germans who worship the very ground this guy whistleblows on. The Russian and Chinese spy communities are really thrilled with him, too. Particularly when it comes to the secret information they have now been able to access by breaking into the encrypted files held by the heroic American turncoat.

Snowden

“Snowden has done incalculable damage,” one British intelligence source has just reported. “In some cases the agencies have been forced to intervene and lift their agents from operations to prevent them from being identified and killed.”

Russland und China sollen streng geheime Dokumente des früheren US-Geheimdienstmitarbeiters und Whistleblowers Edward Snowden entschlüsselt haben.