China Takes Heat on Trade, but Germany’s Power Continues to Grow
China bears the brunt of U.S. anger over unfair trade, but Germany’s foreign surpluses are now far larger and may be more consequential for America’s economy and the rest of the world. [TOM FAIRLESS| March 6, 2017 |Wall Street Journal] Low-wage Chinese workers have put downward pressure on U.S. manufacturing wages for years, but Germany’s…