Tradelines News

Get the latest news and updates on cross-border customs and international trade.

U.S. Warns Europe Against Relying Too Much on Exports

Posted April 10, 2015

Under Economic Issues, International Trade Issues

(Jason Lange and Anna Yukhananov – Reuters)

The United States warned Europe on Thursday against relying too much on exports for growth and urged officials to make more use of fiscal policy, saying stronger demand in Germany was essential.

In a report to Congress, the U.S. Treasury Department gave a preview of the positions it will press on foreign policymakers during next week's International Monetary Fund meetings in Washington.

For one, America is wary of the euro zone’s rising current account surplus, a broad measure of cross-border flows of goods and capital. Click here to read more.