JAV trade deficit in July – largest in more than a year

JAV trade deficit in July – largest in more than a year

US trade has experienced significant fluctuations since President Donald Trump returned to the White House last January and, aiming to reduce the trade deficit, imposed large tariffs on allies and competitors.

Read more True autumn will hit Lithuania: heavy rain and strong wind over the weekend

However, in July, with a decrease in crude oil and gold exports and a sharp increase in imports of technological products, the world’s largest economy’s trade deficit grew to 88.6 billion US dollars (76.2 billion euros) and was 24.4% higher than the previous month.

Read more How much pain can Russia endure: «Until they start eating each other alive, they won’t understand»

Translated from

Leave a Reply

Your email address will not be published. Required fields are marked *