US tariffs drive steep drop in EU exports for second month

EU exports to the United States fell by more than 25% for a second straight month in February, indicating a sharp trade slowdown. However, the article warns the drop may overstate the effect of President Trump’s tariffs because export front-loading had already begun a year earlier. The data is negative for near-term trade flows but appears partly distorted by timing effects.

Analysis

EU exports to the United States fell by more than 25% for a second straight month in February, indicating a sharp trade slowdown. However, the article warns the drop may overstate the effect of President Trump’s tariffs because export front-loading had already begun a year earlier. The data is negative for near-term trade flows but appears partly distorted by timing effects.