conradt a negative outlook for german manufactures who are incredibly important to the german economy what are people in germany's financial hub making of it and of the phase one trade deal in particular they're seeing it as a mixed blessing chris let's not forget how at the end of last year everyone was so happy to see the americans and the chinese finally producing some constructive results which seems to have at least halted the spiral of escalation in this trade war between the americans and the chinese but now that the numbers are out of course businesses here in germany of course financial people are taking a closer look and they are seeing that somebody is paying a price for this peace deal and among those paying this price are german businesses is the german economy nakano what this all is a projection so far but should it become reality what can policymakers do striking their own trade deal with the united states i would suspect. absolutely right and they're already doing it the european union and the united states officials are talking not very loudly we're not hearing a lot