Moscow, may 30 – “News.Economy.” The talks in Paris to avoid a transatlantic trade war showed no signs of a breakthrough in less than 48 hours before the deadline, which was set trump for the introduction of import tariffs.
According to Reuters, the United States and Europe during the negotiations had the opposite views on the world economic order.
Trump has imposed tariffs on imports of aluminum and steel, which were largely directed against China, but was provided by the European Union and some other partners temporary exemption from tariffs, which expires June 1.
The Finance Ministers of France and Germany and trade Commissioner of the EU held a series of meetings with U.S. Secretary of Commerce by Wilbur Ross.
French Finance Minister Bruno Le Mayor and his German counterpart Peter Altmaier told reporters that the European response to American tariffs will be unified and solid.
“We are ready to respond in a unified and clear way, regardless of the decision of the President (trump),” said Altmaier.
The US trade deficit slightly decreased in April
An early look at the trading model USA in April showed a small reduction in the trade deficit, which, perhaps, was another sign that the economy in the second quarter will accelerate growth.
The trade deficit in goods, excluding services, decreased by 0.6%, to $68.2 billion from $68,6 billion previously. Economists polled by MarketWatch had forecast a deficit of $71 billion.
Next week the US government will publish General trade performance, but the size of the deficit is associated with changes in exports and imports of goods. This service is changing slightly with each passing month.
At the same time good look at wholesale inventories have not shown an increase, an early look at the retail stocks indicated an increase of 0.6%.
In April, the export and import of goods in the US fell slightly. For example, the United States exported fewer cars, but imported fewer consumer goods such as electronics. The rise in retail stocks has become possible due to the dealers.
In the United States for decades, there is a large trade deficit, and this will not change soon, despite the intense effort of the administration to trump to reduce its size.
The US economy for its part perfectly, despite the large trade deficit.