German exports to non-EU countries fell 2.6% in June, with significant declines to the US and China.

German exports to non-EU countries fell 2.6% in June to €58bn ($63.2bn), with significant declines in exports to the US and China. The IFO Institute for Economic Research reported worsening sentiment in the German export industry. Experts urged Germany to promote free trade and avoid tariffs on imported electric cars, arguing that the country should embrace international competition rather than isolate itself.

July 22, 2024
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