The EU's trade deficit with China has reached a record €1 billion per day, totaling €31.9 billion in April. This growing imbalance, fueled by subsidized Chinese electric cars and components, is raising concerns about Europe's industrial future and prompting discussions among EU leaders on potential measures.
India's merchandise trade deficit reduced to $28.21 billion in May, aided by higher petroleum exports. A US-Iran agreement is expected to stabilize shipping through the Strait of Hormuz, moderating global crude oil prices and easing India's import bill and inflation.
US President Donald Trump stated the US might not renew its free trade agreement with Canada and Mexico, citing trade deficits. The pact requires renewal by July 1 or a 10-year exit process.
An analysis claims the EU's economic decay over two decades has been three times faster than the late Qing dynasty, challenging Brussels' narrative of Chinese overcapacity. The EU's per capita manufacturing output is significantly higher than China's, suggesting structural dependence on foreign markets.
EU Trade Commissioner Maroš Šefčovič aims for intensified negotiations with China to address a widening trade deficit, drawing inspiration from US pre-summit talks. EU leaders will discuss the issue at upcoming European Council and G7 meetings.
South Korea is expected to shift from a trade deficit to a surplus with China in 2024, driven by a surge in memory chip prices. Semiconductors, led by Samsung Electronics and SK Hynix, constitute a significant portion of South Korea's exports to China.
China and Europe have launched SMILE, their first jointly developed satellite, to study Earth’s magnetic environment and the mechanism that protects the planet from solar wind.
The European Commission is stepping up efforts to protect EU industry from Chinese overcapacity as the trade deficit widens. Options include supplier diversification, tariffs on strategic sectors, anti-dumping duties, and the Anti-Coercion Instrument, but member states remain divided.
India's trade with BRICS countries grew significantly over five years, reaching $416 billion in CY2025. However, imports surged faster than exports, doubling the trade deficit to $224 billion, with Russia emerging as a key import partner due to oil purchases.
India raises import tariffs on gold and silver to 15% to curb imports and ease pressure on foreign exchange reserves
Facing a widening trade deficit, India's Prime Minister urges reduced gold purchases. Industry bodies propose tapping into the nation's vast household gold reserves. Their plan involves using refined household gold for domestic demand and channeling imported gold into jewellery exports via gold metal loans, aiming to boost working capital and cut imports.
Spanish Prime Minister Pedro Sanchez’s diplomatic balancing act during his visit to China last month marked a sharp contrast with a European Union grappling with geopolitical upheaval and economic stagnation. Sanchez pushed for closer ties with Beijing while raising concerns over a persistent bilateral trade deficit and the Ukraine war, an approach that analysts said could serve as a diplomatic template for Brussels amid its fraying relationship with Washington. According to Wang Hanyi, a...
UK goods exports to the US fell 24.7% (£1.5 billion) following President Trump's liberation day tariffs, with car exports also remaining below pre-tariff levels. The UK has recorded a trade deficit with its largest trading partner for three consecutive months since the tariffs were introduced, despite securing a 10% blanket tariff deal last year. While Trump recently announced removal of Scotch whisky tariffs in honor of King Charles III's state visit, experts say this will not be enough to reverse the overall deficit.
India is adopting a strategic approach to expand exports to China while strengthening domestic manufacturing, aiming to reduce dependence on Chinese inputs without a complete decoupling. A senior government official told PTI that India is building resilient supply chains and increasing export capacity, though the country still relies heavily on Chinese raw materials, intermediate goods and capital equipment. Trade data shows India's exports to China rose 37% to $19.47 billion in 2025-26, while imports increased 16% to $131.63 billion, widening the trade deficit to $112.6 billion.
