Don’t tell Trump: The Eurozone Trade Surplus With the US Widened Slightly in January
Both eurozone exports and imports picked up in January after a sluggish 2024. But with imports rising more significantly, a positive impact on GDP is unlikely. Some tariff war anticipation effects can be seen in the US trade data. The outlook for 2025 is highly uncertain due to the trade war, despite new export orders finally showing signs of bottoming out.
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