Why the EU and US will trade more: US trade is growing faster than EU, report finds

The EU and the US are both set to expand trade this year, with the US on track to overtake Europe’s growth rate of about 7 percent this year to nearly €50 trillion.

The latest trade figures released on Wednesday show that global trade grew by almost 3 percent in the first three months of the year, beating the eurozone’s 0.4 percent growth rate.

The United States’ growth was even faster, with an increase of nearly 4 percent in just the first quarter.

In Europe, the US grew by 1.4 percentage points in the same period, the strongest growth rate in almost three years.

The United Kingdom’s economy is growing by just 1.2 percent in 2015, but the UK’s exports rose by nearly 1.7 percent in 2014, a faster pace than the EU.

In Europe, a strong Brexit could slow growth.

The EU has been trying to convince the US to join the World Trade Organization (WTO), the trade bloc that will oversee the global economy.

US President Donald Trump has said he would consider a trade deal with the EU if the two countries could find a way to trade more freely.

The UK has been a major target of US criticism in recent years, with its exit from the EU triggering an exodus of UK workers and businesses.

Britain’s economy grew by 3.4 per cent in the last quarter of 2015.