German And US Surplus Remains Solid

Forex News

According to the Federal Statistics Office data, German exports to the U.S. in the first half of 2018 were worth EUR 24.4B, which is much higher than its imports of U.S. products. Comparing to 2017, the trade surplus reduced EUR 100M.

In the first half of this year, Germany's exports to the United States increased 0.8% to EUR 56.1B. The number means Germany has the biggest trade surplus with the United States in the world. Germany's trade surplus with the whole world made up EUR 121.5B in the first half of 2018.

But, International Monetary Fund claims German trade surplus feeds trade frictions and raises risk to global financial stability. The Fund wants German government to increase investments beyond the levels set by Chancellor Angela Merkel.

Thankfully, Donald Trump changed his mind about imposing tariffs on vehicles imported from the European Union.