According to the CNN station, the US trade deficit has increased to a record level of $ 140.5 billion. This is the result of the March announcements of Donald Trump regarding the increase in prices. As a result, the company began to import and accumulate supplies of consumer materials and goods before the new customs tariffs enter into force. Since February, the deficit has increased by $ 17.3 billion.
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The increase in imported goods within a month was powered by consumer products, in particular pharmaceutical preparations. According to CNN, complete imports increased by 4.4 percent. Within a month to $ 419 billion This is the opposite of the export, which fell by 0.2 percent. up to $ 278.5 billion
“Companies are clearly trying to find a way to survive during unprecedented customs changes. The worst will undoubtedly come, because the import duties began to apply only after the White House announced the Liberation Day on April 2” – economist Christopher Rupkey from the FWD Group insurance company said in an interview with CNN.
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When did Donald Trump introduce prohibitive duties on imported goods?
At the beginning of April, US President Trump announced the introduction of duties on goods imported from abroad. As a result, the products imported from China were covered by a tax of 145 percent, and the goods imported from the European Union were covered with 20 percent. duty. The day when new tariffs entered into force, Trump called “the day of liberation.”
