Core Viewpoint - Germany's trade surplus with the United States has significantly narrowed in the first half of the year due to U.S. tariffs and other factors, indicating a decline in competitiveness for German products in the U.S. market [1] Trade Surplus Data - Germany's trade surplus with the U.S. amounted to €30.2 billion, representing a year-on-year decrease of 12.8% [1] - The U.S. tariffs have notably impacted the competitiveness of German products [1] Export Impact - According to Vincent Stammer, an economist at Commerzbank, new U.S. tariffs could reduce German exports to the U.S. by 20% to 25% over the next two years [1] - The U.S. has imposed a 15% import tariff on most EU goods, which has decreased the price competitiveness of German automotive and machinery products in the U.S. market [1] - In the first half of the year, German exports of automobiles and parts to the U.S. fell by 8.6%, while machinery exports decreased by 7.9% [1]
受美关税政策冲击 德国上半年对美出口顺差下降12.8%
Yang Shi Xin Wen·2025-08-20 11:46