American imports accumulated a monthly record in December while businesses rushed to secure products before the commercial prices imposed by Donald Trump.
Official figures showed a jump of 3.5% of imports compared to the previous month while the clock checked for Mr. AssetThe return to the White House on January 20.
The trade department recorded a sum of $ 364.9 billion total imports.
Exports dropped 2.6% in November to 266.5 billion dollars.
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This meant that the American trade deficit – the value gap between imports and exports – has reached its highest level since March 2022, according to the report.
Import volumes have increased due to the efforts of American companies to avoid prices on the goods they need, ranging from televisions and mineral and oil machines.
Trump had threatened, before taking office, to provide immediate prices on all goods shipped to the United States in order to protect American jobs.
He later confined his immediate threats to China, Canada and Mexico.
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To date, Only Chinese products are subject to additional tax.
Mr. Trump accepted to take a break 25% tariffs against his closest neighbors at the 11th hour according to telephone calls with his Mexican counterpart Claudia Sheinbaum and the outgoing Prime Minister Justin Trudeau.
Its arguments with the two nations are not only limited to trade, but also flows of illegal drugs through the American border.
It remains to be seen if the delays will lead to a ceasefire, but Mr. Trump should largely turn his price of fiery tariff to the European Union, saying this week that the commercial block will make “definitively” prices on its treatment of UNITED STATES.
He was less final in his opinions on the United Kingdom, but suggested that the country should avoid them.
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Find out more:
Why the United Kingdom should escape Trump prices
Great Britain could make a reduced trade agreement with us in a few months
All the speeches on the prices since Mr. Trump’s electoral victory have been blamed for having reached economic feeling worldwide.
Strong American economic fundamentals
The latest American data has shown that the world’s largest economy has increased at an annualized rate of 2.3% in the last three months of 2024.
This rate places it at the top of the G20 growth classification.
Although American import prices can force internal inflation, the fundamental principles of the American economy are strong.
What is the image for Europe?
The same cannot be said for Europe where major economies like Germany, which are in recession, in France and in the United Kingdom all suffer from weak growth but for different reasons.
Manufacturing Powerhouse has lost its competitive advantage because access to cheap Russian gas was torn from its factories after the trigger of the Russian-Ukraine war.
While France remains in a political emptiness which largely gleave confidence, the cogs of the British economy stop in the second seme hitting the feeling.
The threat of Trump’s trade rates did not help either.
The fear is that a long period of disruption in global trade is further exceeding the chances of economic recovery.