The European Union’s trade surplus with the United States and its deficit with China both increased in January, serving as potential fuel for trade conflicts between the world’s largest economies.
The EU surplus in goods trade with the United States expanded to 11.5 billion euros ($13.0 billion) in January, from 10.1 billion in January 2018, EU statistics office Eurostat said. With China, the EU deficit also increased to 21.4 billion euros, from 20.8 billion euros a year earlier.
As a whole, the EU trade deficit in goods was 24.9 billion euros in January from 21.4 billion euros in January 2018. For the euro zone, its trade surplus dropped to 1.5 billion euros from 3.1 billion euros.
