Germany and Singapore Team Up to Fix Trade Problems

Germany and Singapore are joining forces to handle trade issues. This comes as both countries face new challenges in global trade. Germany's Finance Minister, Lars Klingbeil, recently visited Singapore. He met with top leaders there. They talked about working together to make supply chains more diverse. Germany is known for exporting a lot. But it's facing problems. The U. S. has put high tariffs on goods. China is also limiting exports. This is making trade tricky for Germany. Klingbeil said the world is changing. Germany needs to find new partners. Singapore is one of them. Singapore is also dealing with trade issues. The U. S. has put a 10% tariff on its goods. This includes medicines. In September, U. S. exports from Singapore dropped a lot. Klingbeil met with business leaders in Singapore. They discussed finance and technology. After Singapore, Klingbeil went to South Africa. He attended a G20 meeting there. The U. S. did not send anyone. They said there are human rights issues in South Africa. Klingbeil was sad about this. But he said there are other important countries to talk to. He wants to build new partnerships.