Germany’s exports jumped 4.8% on a year earlier in November to their highest on record, with the trade surplus beating economists’ expectations by 9%. This was the result of a 13% increase in shipments to China, Panjiva data shows, and in turn a 53% climb in automotive exports to China. This came at the same time as a 21% increase in shipments of cars to the U.S., which may have been followed by a further 29% growth in December. Yet, auto industry managers became more negative about the future – this is likely due to concerns about trade policy conditions under the incoming Trump adminis...