EUR 17.7 billion export surplus Germany's trade in goods with the United States was the highest among all trading partners in the first 4th of 2025. The national Statistical Office besides reported that exports to the United States exceeded imports by almost 75%.Between 2025 and 2028, German economical production will be on average 1.1% lower than without higher tariffs, as reported by IW.
If the EU responds with akin countermeasures, full harm could increase to EUR 250 billion by 2028. In a post on fact Social on Friday, Trump stated that the EU was originally created "the main intent of utilizing the US in trade".He added that the block is "very hard to control."He accused the EU of imposing harmful economical policies, taxes and regulations, as well as initiating "unfair and unjustified lawsuits against American companies”who, as he said, contributed to ‘totally unacceptable’ the trade deficit.According to the U.S. Trade Representative's office, the deficit is presently around $240 billion a year.
Trump announced that due to the negotiations being held, it is recommended to impose a 50% work on all EU goods which will enter into force on 1 June 2025. Treasury Secretary Scott Bessent repeated the criticism later that day in Fox News, saying that the president considers that the EU's proposals are not gathering the standards set by another major trading partners."I will not negociate on TV, but I hope it will be a informing signal to the EU" “He said.The EU is committed to securing a trade agreement with the US based on common respect and not on threats, wrote on Friday for EU Trade Commissioner Maros Sefcovic.
He added that "EU-US trade is incomparable and must be guided by common respect"But the block is ready to defend its interests.
Translated by Google Translator
source:https://www.rt.com/news/618114-trump-tariffs-germany-damage/
