The US has been enjoying that EU money for the last 70 years. Thanks to trump, that is changing.
Canada needs to reduce its trade with the USA to at least 49%!
Can be doable if we keep up the -5.5% trend for the next 2 years! Stop buying American crap.
Meanwhile, in the real world, EU pledged €700 billion to the US at the first sign of pressure in the “tariff war” and NATO countries are massively increasing their military spending, most of with end up in the pockets of american corporations.
Freeloaders! (kegsbreath, probably)
America is just constantly shooting themselves in the face… I mean who wants to do business with a Trump run America?
Trump is the US version of the USSR leadership post Stalin. He is collapsing what was built, impressive growth, however amorally it was achieved.
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I compared the IMF data for Germany with data published by Germany directly and it does not really fit together for 2025. There is probably a logical explanation for that, e.g. some different counting system.
I just found it interesting, that when you ask Germany directly, then the biggest trading partner is China (Export + Import).
Also important to note is that Hong Kong is not included in China’s numbers in both datasets.
Federal Statistical Office of Germany: https://www.destatis.de/EN/Themes/Economy/Foreign-Trade/Tables/order-rank-germany-trading-partners.pdf?__blob=publicationFile&v=74
IMF: https://data.imf.org/en/Data-Explorer?datasetUrn=IMF.STA%3AIMTS(1.0.0)
Does it include services or only physical goods? Canada runs a trading surplus with the US in physical goods for instance, but runs a trade deficit when services are included.
I am not sure.
Is there some article or source post I can read? Very curious how we (India) trade more with China over US considering China is practically enemy number 2 for us after Pakistan
Where do you think our electronics, machinery and alloys come from?
That accounts for the goods and products, I guess? OTOH, for most of the world stuff like software, film, music, all sorts of digital services, it all comes from the US (and makes it money and gives it influence).
Sounds plausible. So… people don’t trade with the US. They just subscribe to us?
Kind of, I suppose. This is an angle I became aware of during the US-EU dick measuring… uh, I mean the tarrifs conflict: https://www.bbc.com/news/articles/cn4rd71411ko
Animation please
As long as the EU buys overpriced US gas and overpriced weapons like the F35, profits are shifted from Europe to the US. To see the global power distribution, the shifted profit part of the EU, and thus some fraction of the global trade of all countries with the EU has to be counted for the US.
