EU-US Trade Hits Record €875bn but Tariff Strain Weighs on Key Sectors
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·6 viewsEU-US goods trade reached a record €875 billion last year despite existing tariffs, according to a new study. However, the report highlights significant underlying pressure, particularly in Germany's automotive sector, which experienced a notable decline in exports. Ireland's booming pharmaceutical exports helped mask broader regional weaknesses in the overall trade figures. Services trade also hit record levels, though the EU ran a deficit in that category. The study cautions against further tariff escalation, stressing the importance of trade stability between the two blocs.
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