German trade surplus with U.S. hits record high
Investing.com -- Germany's trade surplus with the United States has reached a new record, according to recent data from the statistics office. The surplus expanded to 70 billion euros ($72 billion) in 2024, surpassing the previous record of 63.3 billion euros set in 2023.
This comes as countries worldwide await decisions from U.S. President Donald Trump on the imposition of tariffs on imported goods. The specifics of these tariffs and their potential impact on international trade remain to be seen.
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