Good Morning from Germany, which is increasingly losing out in trade w/China. Over the past 12mths, exports have dropped to €82bn, while imports have climbed to €165bn. The resulting trade deficit of €83bn is the largest since March 2023 and close to the record of €87bn. This… pic.twitter.com/auSjmfoDC7
— Holger Zschaepitz (@Schuldensuehner) October 20, 2025