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Core Viewpoint - The economic relationship between Germany and the United States has significantly deteriorated since early 2025, primarily due to policy uncertainties and the impact of the "America First" policy, leading to a decline in German direct investment and exports to the U.S. [1][2] Group 1: Investment Trends - German direct investment in the U.S. from February to November 2025 amounted to €10.2 billion, a sharp decline from nearly €19 billion during the same period the previous year, representing a year-on-year decrease of approximately 45% [1] - Over the long term, German investments in the U.S. in 2024 were more than 24% below the average levels from 2015 to 2024 [1] Group 2: Export Performance - From February to October 2025, German exports to the U.S. decreased by about 9% year-on-year, with automotive and parts exports down nearly 19%, machinery exports down about 10%, and chemical product exports declining by over 10% [2] - The weakening of these key industries, which are vital to Germany's industrial competitiveness, signals significant challenges in the German-American economic relationship [2] Group 3: Economic Sentiment and Trust - Concerns regarding U.S. economic policies have led many in Germany to view the U.S. as a high-risk market, with ongoing tariff threats undermining expectations for stable transatlantic economic relations [3] - A recent poll indicated that approximately three-quarters of German respondents believe the U.S. is not a trustworthy partner for Germany [3] Group 4: Strategic Implications - The cooling of German-American economic relations reflects deeper cracks in transatlantic ties, exacerbated by rising policy uncertainties and geopolitical tensions, leading Europe to potentially prioritize strategic autonomy and diversification [4]