America buys $235.6bn extra in items than it sells to the 27 international locations that make up the European Union (EU).
That $236bn hole, often called the commerce deficit, is one thing US President Donald Trump needs to scale back.
In an effort to shut the hole, on April 2 the US imposed a 20 % tariff on items imported from the EU, aimed toward lowering European exports to the US and inspiring home manufacturing.
As well as, the EU faces a 25 % US tariff on metal, aluminium and vehicles.
In response, the EU determined to impose retaliatory tariffs on $23.8bn price of US items, with EU officers describing the US tariffs as “unjustified and damaging”.
What does the US promote to the EU?
In 2024, commerce between the US and EU reached practically $1 trillion, making the EU the most important buying and selling accomplice bloc for the US.
The US primarily exports fuels, pharmaceutical merchandise, equipment and plane to the EU, in accordance with the US Worldwide Commerce Fee.
In 2024, the US offered $370.2bn price of products to the EU. The primary exports embody:
- Mineral fuels ($78.9bn) accounting for 21.3 % of whole exports.
- Pharmaceutical merchandise ($39.4bn) accounting for 10.6 % of exports.
- Nuclear reactors, boilers, equipment and mechanical home equipment ($36.6bn) accounting for 9.9 % of exports.
- Plane, spacecraft and components ($35.1bn) accounting for 9.5 % of exports.
- Optical, photographic and cinematographic gear ($30.8bn) accounting for 8.3 % of whole exports.
What does the US purchase from the EU?
The US primarily buys pharmaceutical merchandise from the EU, in addition to mechanical home equipment, vehicles and different non-railway automobiles.
In 2024, the US purchased $605.8bn price of products from the EU. The primary imports embody:
- Pharmaceutical merchandise ($127bn) accounting for 21 % of whole imports.
- Nuclear reactors, boilers, equipment and mechanical home equipment ($89.8bn) accounting for 14.8 % of imports.
- Vehicles and different non-railway automobiles ($60.3bn) accounting for 10 % of imports.
- Electrical gear ($39.3bn) acounting for six.5 % of imports.
- Optical, photographic and cinematographic gear ($36.9bn) accounting for six.1 % of whole imports.
Which US states import and export probably the most to the EU?
In keeping with the US Worldwide Commerce Administration, the midwestern state of Indiana buys probably the most of another state from the EU. It purchased $49.3bn price of products in 2024.
New Jersey imported the second-most items from the EU, valued at $40.9bn, adopted by North Carolina, which purchased $39.6bn.
Texas leads the US in exports to the EU, promoting $81.5bn price of products in 2024. California ranks second, with $28bn in gross sales, adopted by Louisiana at $20.8bn.
Discover the desk under to see which states import and export probably the most to and from the EU.
What does every US state promote most to the EU?
Aerospace merchandise and components are the highest exports from the US to the EU, with 15 states reporting this class as their main export. These states embody Arizona, Arkansas, Connecticut, Florida, Georgia, Hawaii, Kansas, Kentucky, Maine, Maryland, New Hampshire, New Mexico, Ohio, Oklahoma, and Washington.
Aerospace merchandise encompass full plane and plane components, with the US particularly exporting Boeing business plane and Lockheed Martin F-16 fighter jets to the EU.
What does every US state purchase most from the EU?
Prescription drugs and medicines are the main import for 11 US states, together with Delaware, Georgia, Illinois, Indiana, Kentucky, Missouri, North Carolina, Ohio, Pennsylvania, Tennessee and Wisconsin.
Motor automobiles and automobile components rank second, being the highest import for eight states: Alabama, California, Maryland, Michigan, New Jersey, Rhode Island, South Carolina and Texas.
In keeping with the European Car Producers’ Affiliation (ACEA), the US is the second-largest marketplace for new EU automobile exports after the UK, the place the US accounted for 22 % of the EU’s automobile export market in 2024.
The Heart for Automotive Analysis discovered that the Detroit Three automakers – Common Motors, Ford, and Stellantis (previously Chrysler) – will see a mean value of the tariff per automobile for imported automobile components of $4,911, larger than the general trade’s common of $4,239 per automobile.