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Economics Gazette

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December 15, 2018


UK trade deficit

UK trade deficit shrank sharply in February

The UK trade deficit shrank sharply by 2 billion GBP to 965 million GBP in February, compared to the revised 2.959 billion GBP reported last month. This is the smallest trade deficit since September, with data below a deficit of 2.6 billion GBP. The goods and services imports in the United Kingdom shrank by 4.8%

China WTO

China filed a complaint against USA to the WTO

China filed a complaint to the World Trade Organization (WTO) against US President Donald Trump’s decision to impose import duties on steel and aluminum. The Asian country has requested a 60-day consultation with the United States to resolve the dispute. If the two sides do not find a solution, the next step is for Beijing

German exports

German exports lost speed in February 2018

German exports lost speed in February, according to the latest official data. The German exports value grew by 2.4% in February compared to the same month last year, reaching a total of 104.7 billion EUR (129 billion USD). In January, exports rose by 8.6% on an annual basis. Reported on a monthly basis in February,

Valdis Dombrovskis

The EU wants arbitration role in the US-China trade dispute

The European Union (EU) can help resolving the trade dispute between the US and China. This was stated by the two Vice-Presidents of the European Commission (EC) Jyrki Katainen and Valdis Dombrovskis. Instead of participating in the conflict, the EU can use its role as the world’s largest market to support international trade rules and

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