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flag German-U.S. economic ties weakened in 2025 due to Trump's return, with investment and exports falling amid tariff fears and declining trust.

flag German-U.S. economic ties have weakened since Donald Trump’s 2025 return to the White House, with German direct investment in the U.S. falling 45% year-on-year through November 2025 and exports dropping 9% from February to October, particularly in autos, machinery, and chemicals. flag Analysts cite repeated U.S. tariff threats as a key factor undermining business confidence, prompting German firms like Volkswagen to delay U.S. investment plans. flag A January 2026 poll found 75% of Germans view the U.S. as unreliable, fueling calls for Germany to diversify its economic partnerships and reconsider storing over one-third of its gold reserves in the U.S. amid rising geopolitical and policy uncertainty.

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