Reed Cavendish Wealth Management – German Exports Strong in Face of Trade Tensions

Press Release ( - TAIPEI CITY, Taiwan - Jul 11, 2018 - According to recent official data, German exports grew by more than imports in May, causing the trade surplus to increase. Reed Cavendish Wealth Management analysts say this is further indication that Germany’s economy remains on solid ground even in the face of rising trade tensions with the United States.

Reed Cavendish Wealth Management analysts say seasonally-adjusted export figures increased by 1.8 percent on a monthly basis while imports increased by 0.7 percent. This was more than the predicted increase of 0.75 percent for exports and 0.3 percent increase for imports.

Reed Cavendish Wealth Management analysts believe the recent weakening of the euro should provide some relief over the next several months and help to counterbalance the tariffs set by the United States on European steel and aluminum.

Reed Cavendish Wealth Management analysts say that although the effects of trade tensions on the German economy have so far been minimal, a fully-fledged trade war would have a much greater negative impact on Europe’s largest economy.

German finance minister Scholz recently cautioned that United States president Donald Trump’s decision to implement import tariffs on products coming from China and the European Union would damage the global economy.

In June, Trump threatened to implement an import tariff of up to 20 percent on all motor vehicles assembled in the European Union. Reed Cavendish Wealth Management analysts say this move could devastate the EU’s auto industry and destroy the current model for selling vehicles in the United States.

Press Contact: Nova Go – 8, Alley 51, Lane 737, Neihu Road, Neihu District, Taipei City, Taiwan.

Source : Reed Cavendish Wealth Management

You may also like this  

CATEGORIES : Trade and Commerce


Or using ePRNews Account

Don't have an account ? Sign Up

Register New Account

Or Signup using Email

Already have an account ? Login

Reset Password

Already have an account ? Login


If you have any concerns regarding this press release, please contact the Author / Media Contact / Business of this press release. ePRNews is not resposible for the accuracy of the news posted and do not endorse, support any product/ services/ business mentioned and hereby disclaims any content contained in this press release.