German exports fall due to US tariffs, but industry shows growth.
In July, German exports fell by 0.6% compared to the previous month, primarily due to a 7.9% drop in shipments to the United States due to tariffs. This represents a significant challenge for Europe’s largest economy, where foreign trade plays a key role: in 2024, bilateral trade with the United States was expected to reach €253 billion, making it Germany’s largest trading partner.
