December 30, 2008
US buys less from Germany
Story link: US buys less from Germany
This is the impact a glitch in the economy can have on hundreds of other businesses which is definitely not good for either the economy or the individual sector of the economy.
When American consumers stop buying, companies around the world suffer — even those that do little business in the United States.Skip to next paragraph
Take Hawe Hydraulics, which makes valves and conduits here in southern Germany. Its sales have boomed in recent years, driven largely by demand from China and the rest of Asia. But in the last few months, new orders have virtually dried up, almost overnight.