The German economy is heavily dependent on exports. The country had the world's largest export surplus in 2012. Now the EU says Germany's massive trade imbalance could jeopardize the recovery of other, less robust eurozone economies.
President Donald Trump is actually a "huge fan" of Europe, insists new US Ambassador to the EU Gordon Sondland. It's the trade deficit he despises. DW's Teri Schultz talks to Sondland in his first Brussels interview.
Germany is on track to record the world's largest trade surplus for a third consecutive year. The country's $299 billion surplus is poised to attract criticism, however, both at home and internationally.
The US administration plans to start exporting its new and vast gas supplies to Europe via Germany within the next four years. As doubts continue over a Russian pipeline to Germany, Washington sees a gap in the market.
The EU hopes the new framework will keep firms doing business with Iran. European businesses have already pulled out and the currency has plummeted as the threat of US sanctions looms.
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