16 June | Euro

EU trade surplus with US increased in April despite Trump's tariffs

EU trade surplus with US increased in April despite Trump's tariffs

According to data published last week by the European Union (EU) statistics agency, the bloc's trade surplus in April amounted to €7.4 billion (about $8.5 billion). This is significantly lower than the €12.7 billion ($14.6 billion) recorded in April 2024. Nevertheless, exports of European goods to the United States increased during this period, despite Donald Trump's tough tariff policy, Reuters reports. At the same time, EU trade activity with China declined.

In March, EU exports to the US went up by 59.5%. The news agency's experts attribute this to American importers getting ready for higher tariffs. Since March 11, European manufacturers have faced 25% import duties on steel and aluminum. Since April 3, additional duties have been imposed on automobile imports, and since May 3, on auto parts as well. In addition, in early June, Washington doubled import tariffs on metals from 25% to 50%.

In April, the EU surplus with the UK, Switzerland, and Mexico decreased, while the deficit with China, Norway, and South Korea increased, Reuters adds.

Gold buy
Period: 22.08.2025 Expectation: 2000 pips
Gold bounces back from 2-week low to $3,370
Today at 09:15 AM 49
Period: 31.08.2025 Expectation: 200 pips
Selling SPX down to $6,430
Today at 09:11 AM 21
Period: 31.08.2025 Expectation: 200 pips
Selling AUDUSD down to 0.6460 if reversal pattern completes
Today at 07:58 AM 12
Brent sell
Period: 22.08.2025 Expectation: 395 pips
Brent fluctuates amid fundamental uncertainty
15 August 2025 58
Period: 22.08.2025 Expectation: 1000 pips
0.9 level proved to be too high for AUDCAD buyers
15 August 2025 47
Period: 22.08.2025 Expectation: 500 pips
Spiking US inflation pushes SPX down
15 August 2025 42
Go to forecasts