From Newsgroup: rec.sport.tennis
US goods imports continued to outpace its exports last year, sending the country's trade deficit to a new high despite sweeping tariffs
introduced by US President Donald Trump.
The gap between the value of goods imported into the US and American
products sold to other countries widened by 2.1% compared to 2024,
hitting roughly $1.2 trillion (-u890bn), official figures show.
The rise emerged despite a sharp drop in trade with China, one of the
earliest targets of the tariffs.
The gap runs counter to one of the White House's key aims which is to
reduce the deficit, arguing that US reliance on overseas goods has
hollowed out the country's production abilities and put national
security at risk.
https://www.bbc.com/news/articles/c4ge4yxwnlno
The border taxes didn't work too well. Now, they are ruled illegal. And there's a border tax sized hole in the deficit.
Brilliant.
--
"And off they went, from here to there,
The bear, the bear, and the maiden fair"
-- Traditional
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