The European Commission has announced it will investigate Germany trade figures. For several years now, Germany's current account surplus has exceeded EU limits.
Japan has said it started the year with a trade deficit as imports of fossil fuel overwhelmed the revenue from outbound shipments from the Asian nation. The negative figure came after a long period of surpluses.
Trade between Russia and Germany has increased by about a quarter in the past 12 months. The surge came despite sanctions which the European Union imposed against Moscow for its alleged role in the Ukraine conflict.
Germany's statistics office has reported a renewed annual rise in the country's exports and imports. Europe's powerhouse managed to slightly narrow its trade surplus which has been in the firing line for many years.
The German Chambers of Commerce and Industry (DIHK) has warned that should the Trump administration go ahead and impose higher tariffs on steel imports this would could trigger a global trade war.
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