Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/179944
Authors: 
Diermeier, Matthias
Hüther, Michael
Jung, Markos
Year of Publication: 
2018
Series/Report no.: 
IW-Kurzbericht 33/2018
Abstract: 
In contrast to a massive current account deficit against China, the US runs a current account surplus with respect to the European Union. The US-EU surplus is largely driven by a positive service balance and primary incomes originating from US investments abroad. Services and primary incomes overcompensate the US goods trade deficit with the EU. Rather than representing a 'rip-off', the different balances reflect the economies' different business models.
Document Type: 
Research Report
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