Five things to understand US-German trade relations - News Summed Up

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Five things to understand US-German trade relations


A brewing diplomatic crisis between the United States and Germany has its roots in President Donald Trump's frequent criticism of the large US trade deficit with the European economic powerhouse. That ranks as the second largest deficit, behind China ($310 billion), and followed by Mexico ($62 billion), and Japan $56 billion. ExportsGermany is the sixth largest market for US exports, behind Canada ($322 billion), Mexico ($262 billion), China ($170 billion), UK ($121 billion) and Japan ($109 billion). The UK was first with $484 billion followed by Japan with $484 billion. EmploymentGerman companies are the third largest foreign employer in the United States, with over 670,000 workers, nearly half of which are employed in manufacturing.


Source: The Local May 31, 2017 07:52 UTC



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