America's trade deficit increased by 34% in January
To more than $130bn as imports spiked in response to the threat of tariffs.
Source: US Commerce Department.
Source: US Commerce Department.
36-40, F
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anythingoes477 · M
It is now poised to drop an equal amount. This surge was ONLY because businesses knew tariffs were coming and to hold prices down for their consumers they pre-bought goods to warehouse at lower prices.
SunshineGirl · 36-40, F
@anythingoes477 The deficit will only fall if US exports remain at current levels . . good luck with that!