German Exports Fall Again as Tariffs Drag on Economy
Germany's exports fell for a second straight month in May in response to higher U.S. tariffs as Europe's largest economy looks set for another year of little or no growth.
Goods exports declined 1.4% on month, dragged by exports to the U.S. that slumped 7.7%, Germany's statistics agency Destatis said Tuesday.
The value of exports to the U.S. fell to 12.1 billion euros, equivalent to $14.2 billion, the lowest value since March 2022, Destatis noted.
Despite the slump, the U.S. remains the largest destination for...
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