Date in Portugal
Clock Icon
Portugal Pulse: Portugal News / Expats Community / Turorial / Listing

EU’s trade surplus with the US falls by 48.1% in June

According to the statistical office, the EU’s trade surplus with the United States amounted to 9.6 billion euros in June this year, compared to 18.5 billion euros in June 2024.

This decline is attributed to a 10.3% decrease in the European political-economic bloc’s exports to the US, totaling 40.2 billion euros, accompanied by a 16.4% increase in imports, reaching 30.6 billion euros.

The data released today precedes the agreement reached by both parties on July 27 – between European Commission President Ursula von der Leyen and US President Donald Trump – to impose tariffs of 15% on EU exports.

The trade agreement also includes the EU’s commitment to purchase liquefied natural gas from the US valued at 750 billion dollars (approximately 642 billion euros) — specifically aiming to replace Russian gas -, an additional investment of 600 billion dollars (514 billion euros) by 2029, and an increase in military material acquisitions.

Leave a Reply

Here you can search for anything you want

Everything that is hot also happens in our social networks