As Trump threatens EU with tariffs, Germany announces trade surplus worth $74.1 billion with U.S..
Jerry
Germany logged a record trade surplus with the United States last year, data showed Friday, news that could stoke tensions with US President Donald Trump as he threatens the EU with tariffs.
The United States also returned as the top trading partner for Europe’s biggest economy last year, it showed, overtaking China which had been in the number one spot since 2016.
Germany’s surplus with the world’s top economy came in at 71.4 billion euros ($74.1 billion), according to the figures from statistics agency Destatis, with the United States the destination for over 10 percent of all German exports. Germany accounts for a hefty chunk of the European Union’s large trade surplus with the United States, which has been a source of anger for Trump.
Total trade between the United States and Germany last year amounted to about 255 billion euros, above the 247 billion euros in trade between China and Germany, according to the data, which was collated by AFP.
Source: FORTUNE
