(Paul Gordon and Catherine Bosley – Bloomberg)
Germany’s trade surplus with the U.S. is showing little sign of buckling under President Donald Trump’s accusations of unfair practices.
The nation’s exports to the U.S. exceeded imports by 24.4 billion euros ($28.3 billion) in the first half of the year, German data showed on Tuesday. That’s barely changed from the 24.5 billion euros in the same period of 2017.
The booming U.S. economy is continuing to suck in German goods from cars to chemicals, even amid repeated criticism from the Trump administration and threats of tariffs on Europe. Still, the latest figures show how tensions could flare up again, despite Trump’s agreement with European Commission President Jean-Claude Juncker to refrain from any action while the two sides negotiate. Click here to read more.
- IMF Says German Trade Surplus Contributes to Trade Tension (Reuters)
- Germany’s Huge Trade Surpluses Are a Burden on its EU Partners (CNBC)
- The Truth About Germany’s Trade Surplus (Handelsblatt)