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102 new news items in the last 24 hours
Friday 12:30

Germany's trade surplus with the USA decreased by 15% in the first seven months of the year, reaching 34.6 billion euros, due to new customs duties.

Delia Niculescu
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International
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In July 2023, Germany reported its lowest trade surplus with the USA since 2021, with a 15% decrease compared to the previous year, reaching 34.6 billion euros. Although the United States remains Germany's main trading partner, the introduction of 15% tariffs on most imports from the EU is affecting trade. German exports to the USA decreased by 5.3%, while imports increased by 2.2%. This marks a significant change in a trade relationship that has been consistently favorable to Germany for over three decades.

Sources

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Financial Intelligence
Comerţul Germaniei, afectat de noile taxe vamale americane
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DCNews
Taxele vamale impuse de Trump afectează deja Germania

ȘTIRI PE ACELEAȘI SUBIECTE

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International
Germany's exports fell by 0.6% in July, in contrast to analysts' expectations. Imports decreased slightly, and the trade balance had a surplus of 14.7 billion euros.
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Germany's industrial production fell 1.9% in June, the lowest level since May 2020, amid weak external demand and competition from China.
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