"/>

German exports down sharply amid rising protectionism

Source: Xinhua    2018-04-09 20:04:31

BERLIN, April 9 (Xinhua) -- German exports fell unexpectedly sharply in February amid rising trade protectionism, data from the German Federal Statistical Office showed on Monday.

The exports amounted to 107.5 billion euros (131.9 billion U.S. dollars) after calendar and seasonal adjustment, 3.2 percent less than the previous month. It's the biggest decline since August 2015.

Meanwhile, imports dropped by 1.3 percent to 88.3 billion euros.

The results fell far short of economists' forecast, which had predicted a positive figure.

"German exports are losing momentum for the beginning of this year," said deputy executive of the Association of German Chambers of Commerce and Industry (DIHK) Volker Treier in a statement.

Fears of rising protectionism on the part of the U.S. government clouded Germany's foreign trade. "The introduction of new tariffs would be an economic dead end that could hit German exporters particularly hard," said Treier.

Year-on-year, German exports rose 2.4 percent in February, while imports increased by 4.7 percent.

German Chancellor Angela Merkel is due to visit U.S. President Donald Trump on Friday. The European Union's (EU) exception from U.S. steel and aluminum tariffs will be one of the main topics discussed between Merkel and Trump.

Editor: Yurou
Related News
Xinhuanet

German exports down sharply amid rising protectionism

Source: Xinhua 2018-04-09 20:04:31

BERLIN, April 9 (Xinhua) -- German exports fell unexpectedly sharply in February amid rising trade protectionism, data from the German Federal Statistical Office showed on Monday.

The exports amounted to 107.5 billion euros (131.9 billion U.S. dollars) after calendar and seasonal adjustment, 3.2 percent less than the previous month. It's the biggest decline since August 2015.

Meanwhile, imports dropped by 1.3 percent to 88.3 billion euros.

The results fell far short of economists' forecast, which had predicted a positive figure.

"German exports are losing momentum for the beginning of this year," said deputy executive of the Association of German Chambers of Commerce and Industry (DIHK) Volker Treier in a statement.

Fears of rising protectionism on the part of the U.S. government clouded Germany's foreign trade. "The introduction of new tariffs would be an economic dead end that could hit German exporters particularly hard," said Treier.

Year-on-year, German exports rose 2.4 percent in February, while imports increased by 4.7 percent.

German Chancellor Angela Merkel is due to visit U.S. President Donald Trump on Friday. The European Union's (EU) exception from U.S. steel and aluminum tariffs will be one of the main topics discussed between Merkel and Trump.

[Editor: huaxia]
010020070750000000000000011100001370982641
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
在线看片免费人成福利 | 中文字幕久精品免费视频 | 亚洲日本韩国欧美特黄 | 欧美一区二区三区免费A级视频 | 亚洲第一影院中文字幕 | 日本激情在线观看免费观看 |