China overtakes US as Germany’s biggest trade partner
Government
German exports to America fell by more than 9% last year, the state statistics agency has said China has overtaken the US as Germany’s biggest trading partner, the German Federal Statistics Agency said in a report published on Friday. The nation’s trade deficit with the Asian country reached a record level of €89.3 billion ($105 billion), according to the agency’s data. The largest supplier of goods to Germany since 2015 has been China, underscoring the depth of their economic ties. Although
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