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Germany faces trade challenges as US tariffs threaten automotive industry

Germany's export surplus rose to 239.1 billion euros in 2024, despite a 1.2% decline in total exports. The USA has become Germany's most important trading partner, surpassing China, while tariffs proposed by the US could significantly impact the German automotive industry. Concerns over a potential trade war loom, with predictions of economic shrinkage and job losses in Germany.
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United States Dollar Euro CHN DEU FRA USA NLD Thomas Gitzel Robert Habeck Hildegard Müller Donald Trump Sebastian Dullien Show more
Business & Industry, News Article
14:05 19.02.2025

Germany's trade dynamics shift as USA surpasses China in exports and imports

The USA has regained its position as Germany's most important trading partner, surpassing China for the first time since 2015, with trade volumes reaching 252.8 billion euros. However, potential tariffs on German exports, particularly in the automotive sector, pose significant risks to this relationship and could impact the German economy adversely. Meanwhile, Germany's export surplus increased to 239.1 billion euros, despite a decline in overall exports and imports.
de_DE
Chinese Yuan Euro United States Dollar CHN DEU FRA USA NLD Thomas Gitzel Robert Habeck Hildegard Müller Donald Trump Sebastian Dullien Show more
Business & Industry, News Article
14:05 19.02.2025
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