Friday, February 13, 2026 at 10:47 AM
The EU’s exports to the U.S. held up last year despite the tariffs imposed by Trump.
Those increased duties pushed Chinese businesses to seek new customers in the bloc.
There was little evidence of trade being diverted to the eurozone, although the central bank did find signs of diversion to Africa and ASEAN countries.
The U.S. trade deficit jumped in December, the latest leg of a turbulent year for America’s trading relationships under the steep tariffs imposed by the Trump administration.
The surge to €111.7 billion was driven by sales of pharmaceuticals, with Ireland now accounting for a fifth of all EU exports to the U.S.
Higher tariffs, labor and health-insurance costs have pushed many businesses to raise prices for consumers.
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