German Of The Day: Handelskrieg

That means trade war.

Handelskrieg

A trade war between the United States and Europe is coming and the fallout could tip Germany into recession, according to analysts at German lender Commerzbank…

Official German statistics supplemented by the bank’s own research show that in 2018, the United States was the top export destination for German cars, accounting for about 12% of the total with a value of 27 billion euros of parts or finished vehicles.

The bank estimated that a Trump-ordered tariff increase of 25 percentage points on EU auto imports would slash that figure for Germany down to around 14 billion euros per annum.

When factoring in how much of that export figure is actual German “added value,” the bank estimated that total economic output for the country could fall by around 0.25 percentage points.

“All the more dangerous in a situation where the German economy is only just managing to avoid a recession,” it read.

I Don’t Speak Your Body Language

Or, better yet, German of the day: Über den Tisch ziehen.

G7

That means “pull over the table,” as in to get pulled over the barrel or bamboozled.

Body Language 2

Recall back in 2015, almost three years ago to the day, when Merkel, with outstretched arms, stood before President Obama, seated on a bench at that year’s Group of 7 summit.

Sein Verhältnis zur deutschen Bundeskanzlerin beschrieb Donald Trump mit dem Vokabular des Preisrichters bei einem Schönheitswettbewerb: Auf einer Punkteskala von 1 bis 10 gebe er der Beziehung zu “Angela und Emmanuel und Justin” die Bestnote, sagte der US-Präsident am Samstag vor seiner Abreise vom G7-Gipfel in La Malbaie mit Blick auf Merkel und ihre französischen und kanadischen Amtskollegen Macron und Trudeau.