Tag Archives: Trade

German of the day: “Timing ist alles”

February 11, 2025 By in Home Cooking, Hard Facts Tags: , , , , , Leave a comment

That means timing is everything.

Germany’s trade surplus with US reaches new record – Germany’s trade surplus with the United States reached a record level, data from the statistics office showed, as countries wait to learn how US President Donald Trump will impose tariffs on imported goods.

Germany’s trade surplus with the U.S. expanded to €70 billion (HK$563.1 billion) in 2024, well above the previous record of €63.3 billion reported for the full year 2023.

“It would be hard to imagine worse timing,” said Holger Goerg, from the Kiel Institute for the World Economy.

Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25 percent “without exceptions or exemptions.”

German of the day: Handelsüberschuss

February 8, 2025 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hypocrisy Tags: , , , , , , , , Leave a comment

That means trade surplus.

As Trump threatens EU with tariffs, Germany announces trade surplus worth $74.1 billion with U.S. – Germany logged a record trade surplus with the United States last year, data showed Friday, news that could stoke tensions with US President Donald Trump as he threatens the EU with tariffs.

The United States also returned as the top trading partner for Europe’s biggest economy last year, it showed, overtaking China which had been in the number one spot since 2016…

Germany accounts for a hefty chunk of the European Union’s large trade surplus with the United States, which has been a source of anger for Trump.

Let’s diversify!

August 13, 2024 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hurt Feelings Tags: , , , , , , , Leave a comment

Just like we did with our dependency on Russian gas a few years back.

It’s called diversification through more dangerous entanglement.

German investment in China soars despite Berlin’s diversification drive – Politicians warn of rising geopolitical tensions but country’s carmakers stick with Chinese manufacturing.

German direct investment into China has risen sharply this year, in a sign that companies in Europe’s largest economy are ignoring pleas from their government to diversify into other, less geopolitically risky markets.

The Empire of Evil is now Germany’s biggest trading partner!

August 9, 2024 By in Hard Facts, Helplessness, Home Cooking, Hurt Feelings Tags: , , , , , , Leave a comment

No, not China. US-Amerika itself.

US tops China as Germany’s biggest trading partner – The United States overtook China as Germany’s biggest trading partner in the first half of 2024, according to preliminary German statistics office data, as Berlin’s drive to reduce dependency on Beijing takes shape amid a resilient U.S. economy.

German imports and exports to the world’s largest economy totalled around 127 billion euros ($139 billion) from January to June, while for China the figure was 122 billion euros, according to Reuters’ calculations based on the data.

Sanctions work!

July 21, 2024 By in Habitudes, Hard Facts, Helplessness, Hideology, Home Cooking Tags: , , , , , , , , , Leave a comment

In theory, at least.

Spy-linked Russians restart trade with German toolmaker – Heller Tools exported machinery to entities linked to a covert FSB smuggling network.

Companies linked to a Russian spy ring have resumed buying machinery from a German toolmaker — just months after the manufacturer was warned about sales to the same smuggling network.

Analysis by the Financial Times has established that Heller Tools, a Dinklage-based group founded in the 19th century, sold a total of $1.2mn of drills and other tools to companies linked to the so-called Serniya smuggling operation.

A self-inflicted hostage-taking situation?

June 14, 2024 By in Hard Facts, Heconomy, Helplessness, Home Cooking, Hurt Feelings Tags: , , , , , , , , , , , , Leave a comment

Why is it that big German automakers are worried about Chinese retaliation?

Because they voluntarily put themselves in the position to be retaliated against. Think Germany’s voluntary dependency on Russian gas recently. That didn’t work out very well either. But for whatever reason, this is what Germans do.

Germany launches 11th-hour bid to avert trade war with China – Germany wants the EU to set tariffs on electric vehicles at a low level to avoid severe retaliation from Beijing…

Germany’s position was “problematic,” he said: While big German automakers still entertain good ties with Beijing, that’s not necessarily the case for smaller businesses, meaning “the German economy as a whole has an interest in a more assertive policy towards China.”

The Empire of Evil overtakes the Empire of Evil

May 10, 2024 By in Hard Facts, Heconomy Tags: , , , , Leave a comment

As Germany’s top trading partner.

US overtakes China as Germany’s top trading partner – The United States overtook China as Germany’s most important trading partner in the first quarter of this year, according to Reuters’ calculations based on official data from the German statistics office.

Germany’s trade with the United States – exports and imports combined – totalled 63 billion euros ($68 billion) from January to March, while the figure for China was just under 60 billion euros, the data showed.

The urge to urge

April 16, 2024 By in Hard Facts, Heconomy, Helplessness, Hurt Feelings Tags: , , , , , , Leave a comment

Urged once again. Due to the urgency, I guess.

Well, I’m sure this urge will finally do the trick.

German chancellor urges Chinese industry bosses to play fair in EU market – Olaf Scholz says European cars should have equal access to Chinese customers.

“The only thing that always needs to be clear is that the competition is fair,” he said during a discussion with students at Tongji University in Shanghai. “That means there can be no dumping, no overproduction and that intellectual property rights are not violated,” he said.

Englisch of the Day: Guarantee

August 25, 2023 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hurt Feelings Tags: , , , , , , Leave a comment

This is an assurance that another’s obligation will be fulfilled, or something presented as such security; guaranty. In this case, they mean with taxpayer money.

And the guarantee is that the Germany economy is guaranteed to fall flat on its face if the German government continues its odd obsession with remaining dependent on China as a business partner. It’s recent dependency on Russan gas was just that much fun, I guess.

German guarantees for China investments plummet -document.

The volume of investment guarantees provided by the German government to companies investing in China has collapsed this year, a government document showed, highlighting the impact of Berlin’s efforts to end over-reliance on the country.

Only 51.9 million euros ($56.26 million) in guarantees have been issued so far this year, according to the document seen by Reuters, less than a tenth of the 745.9 million euros in guarantees issued over the whole of last year.

Just like Germany reduced its dependency on Russian gas…

July 5, 2023 By in Habitudes, Hard Facts, Heconomy, Helplessness, Hideology, Home Cooking, Hurt Feelings Tags: , , , , , , , , Leave a comment

Before the war in Ukraine. Not.

What could possibly go wrong this time? China being Germany’s biggest trade partner, I mean.

German industry urges reduced dependency after China export controls –
German industry on Tuesday warned that Europe must become more self-reliant in the hunt for raw materials needed for cleaner, more digital economies, after China caused alarm by announcing restrictions on some metals used for semiconductors.

China’s commerce ministry said on Monday it would require export permits for eight gallium products and six germanium products from Aug. 1 to protect national security.