Exports from Germany to the United States decreased by 7.7 percent in May, totaling 12.1 billion euros, marking the lowest level since March 2022. This decline followed the announcement of sweeping tariffs by U.S. President Donald Trump. Overall, German exports fell to 129.4 billion euros in May, a 1.4 percent decline compared to the previous month. Analysts suggest this drop likely resulted from a reversal of prior 'frontloading'. Trade tensions threaten Germany's economy, already challenged by rising production costs and competitiveness from China.
Germany’s exports to the United States dropped by 7.7 percent in May, falling to 12.1 billion euros, the lowest since March 2022, amidst escalating tariff threats.
The overall drop in German exports comes as a response to earlier orders placed before tariffs were expected, indicating a reversal of prior 'frontloading' activity.
Analysts indicate that the fear of increased tariffs looms over German and European exporters, reflecting ongoing trade tensions with the U.S. and potential economic strain.
German Chancellor Friedrich Merz urged the EU to quickly negotiate a trade agreement with the U.S., emphasizing the need for clarity for Germany's key industries.
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