Europe-America trade hits €875B despite tariffs

Trade in goods between the European Union and the United States reached a record high of 875 billion euros last year, despite increasing tariff pressures, with exports rising to 580 billion euros and imports amounting to 295 billion euros. However, the study showed a 20.4% decline in European car exports to the U.S., particularly from Germany, reflecting disparities in sector performance. Meanwhile, trade in services hit a record level of 865 billion euros, but with a deficit of 178 billion euros in favor of the United States, especially in the fields of intellectual property.

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