Catenaa, Wednesday, April 23, 2025– European Union exports to the US increased by 22.4% year over year in February to a 13-month high, ahead of President Trump’s tariff concerns.
Eurostat data showed on Wednesday, EU exports to the US amounted to $58.8 billion in February while imports from the US rose by 2.4% to $32.1 billion.
On February 13, US President Donald Trump tasked his economic team with developing plans for reciprocal tariffs on every country that taxes US imports.
Despite threatening to impose a variety of trade penalties since his return to the White House in January, President Trump has postponed many of these actions.
The EU as a whole in February posted a surplus of $26.2 billion, compared to a deficit of $6.3billion in January. The February surplus recorded an increase of nearly 56% year over year.
At the same time, the EU’s trade deficit with China increased, from $23.9 billion to $29.6 billion.
In 2024 exports to the U.S. had increased by 5.5% compared to a year earlier, while imports declined by 4.0%.
Trump’s tariffs concerns have impacted business activity in Europe as The eurozone’s composite purchasing managers’ index, a measure of activity across the private sector, fell back slightly to 50.1 in April from 50.9 in March , as shown by a survey compiled by Hamburg Commercial Bank and S&P Global Wednesday.
The reading above 50 suggests businesses in the 20-member currency area saw even slower growth in their activity over the month.
Meanwhile, in the UK, the composite PMI dropped to 48.2 from 51.5 in March, and the manufacturing sector saw a sharper downturn as new export orders dropped to their lowest point since May 2020, amid the brunt of the global pandemic.
