European Union's Trade Deficit Exceeds 12 Billion Euros in May
The European Union (EU) recorded a trade deficit of 12.1 billion euros in May due to an increase in energy imports. According to data released by the European Statistical Office (Eurostat), the EU's exports increased by 1.1 percent to 215.7 billion euros, while imports rose by 10.8 percent to 227.8 billion euros. The EU's trade…