US falls behind China as Germany's top trading partner: Reuters |
China unseated the U.S. as Germany's top trading partner, according to data from the first eight months of the year.
"There is no question that U.S. tariff and trade policy is an important reason for the decline in sales," said Dirk Jandura, president of the Federation of German Wholesale, Foreign Trade and Services, told Reuters, citing President Trump's sweeping tariff agenda.
China’s trade relationship with Germany was valued at 163.4 billion euros ($190.7 billion) based on imports and exports from January to August, while the German-U.S. trade partnership was valued at 162.8 billion euros, according to