In 2024, Germany hit a record $71.4B trade surplus with the U.S., amid potential tariff threats from Trump.

In 2024, Germany recorded a record trade surplus with the U.S., reaching €71.4 billion, making the U.S. its top trading partner. This development could escalate tensions with President Trump, who has threatened tariffs on the EU. Germany's total exports fell 1% to nearly €1.6 trillion, and industrial production dropped 2.4% in December, due to challenges such as high costs and slowing sales in the auto industry.

6 weeks ago
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