18-06-2024, 08:53 AM
(18-06-2024, 12:13 AM)watchfirst9 Wrote: With sanctions and tariffs, it is not unexpected
www.bloomberg.com/news/articles/2024-06-06/us-trade-gap-widens-to-74-6-billion-largest-since-october-2022
US Trade Gap Widens to $74.6 Billion, Largest Since October 2022
6 Jun 2024 ... On an inflation-adjusted basis, the merchandise trade deficit widened to $93.5 billion in April,
as less dependent Us trade deficit may even wider
This means that either US has increased its consumption or they are getting more expensive goods from other countries. The trade deficit with China has dropped to USD279 billion in 2023, the lowest in the last 10 years.
![[Image: Screenshot-2024-06-18-084912.jpg]](https://i.ibb.co/fSB0mDF/Screenshot-2024-06-18-084912.jpg)
Much of the goods imported by China are agricultural products as China has 1.4 billion mouths to feed
![[Image: Screenshot-2024-06-18-084932.jpg]](https://i.ibb.co/G0WqPWL/Screenshot-2024-06-18-084932.jpg)