The European Union's trade surplus in goods with the United States and its ...
FILE PHOTO: Shipping containers sit stacked in the Port of Le Havre, France, May 9, 2019. REUTERS/Benoit Tessier
BRUSSELS - The European Union’s trade surplus in goods with the United States and its deficit with China both increased in the first seven months of 2019, figures that could add extra strain to global tensions. The European Union’s surplus with the United States grew to 90.9 billion euros in Jan-July 2019 from 80.0 billion euros in the same period of 2018, EU statistics office Eurostat reported on Friday.The United States has hit the European Union with tariffs and threatened more in complaint over the trade balance. Both Washington and Brussels have also complained that China wants free trade without playing fair.
Overall, the goods trade balance of the 28-nation bloc slipped to a deficit of 10.2 billion euros in Jan-July 2019 from 2.0 billion euros a year earlier.For the narrower 19-country euro zone, exports grew by 6.2% year-on-year in July and imports by 2.3%, leading to a widening of its trade surplus to 24.8 billion euros in July from 16.9 billion a year earlier.
On a seasonally adjusted basis, the euro zone’s trade surplus also increased to 19.0 billion euros in July from 17.7 billion in June as exports rose by 0.6% month-on-month and imports were stable.
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