EU–US goods trade hits record €875 billion despite tariffs: Study

 Despite tariffs, EU-US trade hit a record €875 billion last year. However, a new study reveals underlying strain, particularly for Germany’s auto sector, which saw a significant export drop. While Ireland’s pharmaceutical exports surged, masking regional weakness, services trade also reached new heights, though the EU faced a deficit. The report warns against further tariff threats, emphasizing the need for stability. Despite tariffs, EU-US trade hit a record €875 billion last year. However, a new study reveals underlying strain, particularly for Germany’s auto sector, which saw a significant export drop. While Ireland’s pharmaceutical exports surged, masking regional weakness, services trade also reached new heights, though the EU faced a deficit. The report warns against further tariff threats, emphasizing the need for stability.