Germany is a net exporter. Who are they going to export to if their access to the U.S. market is reduced?
Theoretically, China.
But Chinese debt levels are much worse than they’d care to admit.
So Germany might have to fall back on Russian trade. If nothing else, barter for raw materials?
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China's economy is already contracting. Plus their per capita GDP is rather poor. The Chinese have a lot of headwinds.
That is true although I wonder how much power the Russian actually have. They have major demographic issues, worse than Germany, along with a very weak economy. They are in worse shape than Putin cares to admit.
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