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BMWs, decree drugs, French wine and abundant architecture accessories — there’s your ample U.S. barter arrears with Europe.

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President DonaldTrump on Wednesday met with Jean-Claude Juncker, his European Union counterpart, to try to boldness deepening tensions over trade. The admiral has apprenticed Europe to bead best if not all barter barriers or face annealed U.S. tariffs as the White House aims to carve the nation’s ample barter gap.

Brewing barter tensions accept triggered again gyrations in the banal bazaar DJIA, 0.42% SPX, -0.28%  and could abuse the U.S. and all-around economies if they circling into a tit-for-tat barter war.

Trade-war tracker: Here are the new levies, imposed and threatened

The U.S. recorded a $151.4 billion barter arrears in 2017 with the 28 countries that compose the European Union, an bread-and-butter affiliation that stretches from the U.K. and Sweden to Slovakia and Greece. Ample deficits with the arena accept been the barometer for years.

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Read: What Juncker is able to action Trump on barter | McConnell, Ryan arch to White House to allocution government allotment

The U.S. arrears with Europe mostly centered on autos, drugs, automated chemicals, abundant accouterment and wine.

All by itself Germany ran a whopping $63.7 billion surplus with the U.S. Alone China and Mexico acquaint bigger surpluses aftermost year.

Germany accounted for 42% of the U.S. barter gap with the European Union. And aloof four countries, Germany, France, Ireland and Italy, represented 98% of the net U.S. arrears with the region.

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Opinion: How to accept Trump’s barter policy: It’s about akin imports

Germany had a almost $21 billion surplus in 2017 in autos and parts, $15 billion in abundant accouterment and $12.6 billion in chemicals, two-thirds of which was angry to over-the-counter and decree drugs.

The better advantage the U.S. had was in planes: $2.1 billion.

Ireland had a $26.8 billion surplus in chemicals, mostly accompanying to drugs. What’s beneath ablaze is how abounding drugs are absolutely produced in Ireland. Multinational biologic firms generally arrangement for drugs to be fabricated abroad alike admitting they are clearly recorded as advancing from Ireland as a agency to abate taxes.

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Italy’s surplus with the U.S. mostly consisted of abundant machinery, autos, chemicals and wine.

Wine was additionally France’s better consign to the U.S. Chemicals and pharmaceuticals were additionally ablaze spots.

The alone country in the European Union that buys a lot added from the U.S. than the added way about is the Netherlands.

The Dutch bought $6.3 billion in computers and electronics in 2017. Chemicals, medical equipment, drugs and cars were added big hits. The aftereffect was a $23.7 billion U.S. surplus aftermost year.

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If Trump got his way, it’s accessible the U.S. could abate its barter gap with Europe by affairs added cars and acreage crops to the Continent. Yet there’s no agreement that Europe would not end up affairs added appurtenances and casework to the U.S.

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