Exports : France contains the impact of the trade war

At first glance, there is no reason to rejoice. With the sharp decline of exports (-4,9 % compared to the month of may), the trade deficit has again widened to

Exports : France contains the impact of the trade war

At first glance, there is no reason to rejoice. With the sharp decline of exports (-4,9 % compared to the month of may), the trade deficit has again widened to the end of the month of June to reach € 5.2 billion. According to the Customs, who have released these figures on Wednesday morning, this balance marks a return to "a more normal" after the slight better of the month of may and its 3.3 billion deficit. Elsewhere in accumulated over the last twelve months, the difference between imports and exports is "almost stable" and reached 54 billion euros, vs. 59.2 billion in 2018 and $ 58 billion in 2017.

" READ ALSO - trade Deficit: the quality of the products that French does not explain everything.

But in the full pass of arms trade between the United States and China, the government is resolutely optimistic. "Compare month-by-month has no meaning," warns Jean-Baptiste Lemoyne, secretary of State for foreign Affairs. The sale of a ...

Updated Date: 09 August 2019, 00:00

Kathleen Lees

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