BRUSSELS (CN) — Even before the Supreme Court struck down President Trump’s tariffs and sent transatlantic trade relations into freefall, the EU’s trade relationship with the United States was coming apart. Exports to the U.S. fell 12% in the fourth quarter of 2025, pushing the EU’s bilateral surplus to a five-year low, according to data published Thursday by Eurostat.
The surplus fell to 31 billion euros ($36.5 billion) in Q4 — down from a peak of 81 billion euros at the start of last year and the lowest since Q2 2020. For the full year it came to 199.6 billion euros, the number Trump has long wielded as proof that Europe is gaming the system.
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