Caixabank Research | Since the beginning of 2012 Spain has accumulated a trade surplus in goods and services which is helping reducing the large deficit in net international investment. But it has not always been like this.
J. P. Marín-Arrese | The latest trade offensive launched against China will inevitably escalate into full-fledged warfare. Imposing tariffs on 200 billion imports amounts to a vicious and indiscriminate attack triggered by mere irritation at the counter-veiling measures undertaken by the Asian giant. Unleashing such large-scale hostilities will raise the stakes prompting further bouts of unfettered retaliation on both sides. The US is already threatening to punish all trade flows totalling 500 billion.
By Alicia Garcia Herrero and Jianwei Xu via Caixin | It is not the first time that the world has been caught in the China-U.S. crossfire, but the US protectionist move looks different this time. In fact, they are broader-based both as they involve a much larger number of products and in that they also target the global competition for US companies and not only the US market.
Daniel Kapellmann | Whereas it took some 10 years to negotiate and enforce a mechanism to strengthen commercial bonds between Canada, the United States and Mexico, today, after 23 years in existence, the North American Free Trade Agreement (NAFTA) may be overrun in just a couple of months.
Spain’s trade deficit declined 22.4% to 18.754 billion euros in 2016, the second smallest figure since 1997, thanks to record exports.
Spain’s trade deficit in the first half to June 2016 dropped 31.4% to 7.878 billion euros from a year earlier, driven down by record exports, according to data published on Friday by the Economy Ministry.
UBS | Global trade in goods and services has risen to a record share of the world economy in real terms. In nominal terms it has stagnated – which basically tells us that the price of traded goods and services is falling relative to the price of non-traded goods and services. Hardly surprising given where oil is.
In the seven months to July, Spain’s trade balance registered a new record high since registers began in 1971.