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Keywords: Trade Deficit
World Trade Organization Director General Ngozi Okonjo-Iweala has urged China to rethink its export-driven growth strategy, warning that the country’s record $1.2 trillion trade surplus cannot be sustained because the rest of the world is unable to absorb it. Speaking at the Munich Security Conference,......
French President Emmanuel Macron has warned China that Europe may impose tariffs in the coming months if Beijing does not take steps to reduce its growing trade deficit with the European Union. Macron made the remarks following an official visit to China, where he met with students at Sichuan University. Macron......
France’s trade deficit narrowed for the third consecutive month in August, reaching €5.8 billion, according to data released by the customs office on Tuesday. The improvement was driven by an increase in exports and stable import levels. Exports rose by €300 million, totaling €51.8......
Morocco's trade deficit has expanded considerably in the first half of 2025, climbing to MAD 161.86 billion ($17.81 billion) compared to the same period last year, according to recent data from the Foreign Exchange Office. This increase of 18.4% is attributed to a faster rise in imports relative......
Morocco is preparing to reassess its free trade agreement (FTA) with Turkiye as it seeks to address a growing trade deficit, which has reached alarming levels due to significant imports of Turkish textiles and fabrics. According to sources close to the matter, Moroccan officials aim to push for increased......
Economic experts in Morocco view China’s recent removal of customs duties on imports from African countries as a significant chance for Morocco to address its longstanding trade imbalance with China. Despite Morocco achieving record exports worth $1.3 billion to China last year, this amount remains......
Morocco's trade deficit has surged dramatically in the first quarter of 2025, reaching MAD 71.63 billion ($7.1 billion), marking a 16.9% increase compared to the same period last year. This troubling statistic, released by the Office des Changes, underscores a significant imbalance in the country's......
The Spanish government has assessed the impact of the new 20% tariff imposed by the United States on all imports from the European Union. According to the Ministry of Economy, Trade, and Industry, the new trade tariffs will affect 80% of the Spanish products sold in the U.S. In monetary terms, this translates......
Global financial markets have plunged as US President Donald Trump intensified his defense of broad new tariffs, describing them as necessary "medicine" despite triggering widespread investor panic and massive sell-offs. Speaking aboard Air Force One, Trump said although he doesn’t wish......