Germany keeps trade balance top spot despite global concerns. That's according to the ifo research institute. It's good news for Berlin but not everyone is happy about the surplus.
China's export growth unexpectedly fell last month, the first drop since February 2017. That's unlikely to ease trade tensions as the country's widening surplus with the US is likely to further infuriate Donald Trump.
The Trump administration has ordered government agencies to expedite and expand arms sales abroad, including exports of advanced drones to reinforce allied armies and to compete with China.
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.
German weapons manufacturer Sig Sauer has been accused of illegally exporting tens of thousands of pistols to Colombia. Authorities have charged managers with violating Germany's foreign trade regulations.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version