Please use this identifier to cite or link to this item:
Diermeier, Matthias
Hüther, Michael
Jung, Markos
Year of Publication: 
Series/Report no.: 
IW-Kurzbericht 33/2018
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

Files in This Item:
113.42 kB

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.