According to data from the European statistics agency Eurostat, the European Union (EU) imported 333.3 billion euros ($348 billion) of goods from the US in 2024, while Washington bought 531.6 billion euros of goods from the bloc.
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| US trade deficit with EU hits record high. (Source: Youtube) |
This leaves the EU with a trade surplus in goods of almost €200 billion with the US, up more than 25% from €156.6 billion in 2023 and well above the previous record of €166.9 billion set in 2021.
By 2024, Washington's exports to the 27-member bloc will fall by 4%. A weakening European economy will make businesses and consumers less likely to spend on American goods.
In contrast, strong growth in the world's largest economy helped EU exports to the country increase by 5.5%.
The figures come as US President Donald Trump prepares to impose tariffs on countries around the world in response to what he sees as trade imbalances.
The 27-member bloc is in Mr. Trump's "sights".
Earlier this month, the White House boss pledged to impose tariffs on the EU "pretty soon", stressing that the bloc does not import cars or agricultural products from the world's largest economy while the US imports everything from the union.
According to President Trump, trade imbalances are a consequence of unfairness in the global system, not a reflection of the relative strength of economies.
"The EU's high import tariffs on US goods are the cause of the trade imbalance between the two sides," he stressed.
Source: https://baoquocte.vn/thang-du-thuong-mai-hang-hoa-gan-200-ty-eur-voi-my-eu-vao-tam-ngam-cua-ong-trump-304740.html
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