Germany’s goods-trade surplus with the US hit a new high last year, a development that’s likely to irk President Donald Trump just as he threatens tariffs on Europe.

Germany logged a record trade surplus with the United States last year, data showed Friday, news that could stoke tensions with US President Donald Trump as he threatens the EU with tariffs. Germany has the largest trade surplus with the United States of any European Union member state,

Out of all EU countries, Germany has the biggest trade surplus with the US — despite the European economic powerhouse struggling with flagging production. Berlin hopes to negotiate with Donald Trump to avoid tariffs.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world