Chancellor Merkel and Commerce Secretary Ross have hinted again at the potential to reopen trade talks between the EU and the U.S. A deal seems unlikely near-term as the administration of President Donald Trump may not want to use the Obama-era TTIP deal as a structure. It also remains fixated on the trade deficit with Germany, while Germany refers to its foreign direct investment in the U.S. Panjiva data shows German FDI as a proportion of its trade surplus with the U.S. was 20% in the past 12 months vs. 28% for Japan’s FDI in the U.S. More investments like BMW’s expansion of its Spa...