June 9, 2026
United States:
US Trade Gap Narrows as Oil Exports Offset AI-Driven Imports
The US trade deficit narrowed in April as a surge in oil exports helped offset ongoing increases in imports of equipment powering the data center buildout.
The gap in goods and services trade shrank 1.2% from the prior month to $55.9 billion, Commerce Department data showed Tuesday.
Europe:
German Industry Output Sees First Gain Since Iran War Began
German industrial production grew for the first time since war broke out in Iran, fueling hope that Europe’s largest economy is weathering the jump in energy costs.
Output increased 0.4% in April from the previous month, driven mainly by construction, the German statistics office said Tuesday.
Asia:
China’s Trade Imbalance With EU Swells as Imports Slip Again
China’s imports from the European Union dropped for the first time in three months, again swelling a trade imbalance that’s put it on a collision course with the bloc.
In sharp contrast to China’s surging purchases of foreign goods in May, its imports from the EU slumped 1.3% after two months of gains, according to preliminary and partial data released by the General Administration of Customs on Tuesday.
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