WSJ – Germany’s economic model is broken, and no one has a Plan B. The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.

WSJ - Germany’s economic model is broken, and no one has a Plan B. The country is focused on exports, but China is slowing imports and U.S. tariff threats are growing. Politicians are offering few alternatives.

INGOLSTADT, Germany – Christian Scharpf, the mayor of this city of 140,000, Germany’s second richest, is looking for ways to save close to €100 million.

Carmaker Audi, headquartered here near the Danube river, used to pump over €100 million a year in municipal tax into Ingolstadt’s coffers through its parent, Volkswagen, but those flows dried up over a year ago. Audi in November reported a 91% decline in operating profit for the three months through September and has been cutting thousands of jobs in Germany.

Read more: https://www.wsj.com/economy/trade/germany-economic-model-broken-exports-095a488d?mod=djem10point

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