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posted on 01 March 2017

Germany's Surplus And America's Deficit


-- this post authored by Dyfed Loesche

Europe's economic powerhouse Germany is highly dependent on exports, while the United States on the contrary imports many more goods than it exports

One important aspect of economic policies proposed by U.S. President Donald Trump is to remedy the American imbalance by reinvesting in and protecting American manufacturing.

Indeed, the U.S. is Germany’s most important trading partner. Germany exported goods and services worth some $ 120 billion to the United States 2015, of which the biggest single item was automobiles with a combined worth of $ 36 billion. It’s not hard to imagine that Germany would be hit hard by any trade barriers set up by the new U.S. administration.

This chart shows trade balances of Germany and the Unites States 2016 (in $ billions).

Infographic: Germany’s Surplus & America's Deficit | Statista You will find more statistics at Statista.

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