The US trade deficit was 103 billion dollars
reported by %20%0A
In the short term, the resumption of the short-term port strike in October could boost orders ahead of the end of the temporary ceasefire in January. In the long term, the implementation of Trump’s threat of heavy tariffs has forced companies to consider whether they should increase their orders before imposing new tariffs.
Even if the labor strike deadlock ends quickly and Trump gives in, America’s high trade deficit is likely to persist. The American economy is stronger than the economy of other countries, so America can buy more imported goods.
Despite the US trade war with China, which reduced imports from the Asian country, the trade deficit at the end of Trump’s first term was significantly larger than at the beginning. However, a high trade deficit is a political problem and reduces GDP, the main score of the US economy; Therefore, the trade deficit will most likely remain a controversial issue during Trump’s presidency.
According to new data, merchandise imports increased by $12 billion to $279.2 billion in November. American exports increased by 7.4 billion dollars and reached 176.4 billion dollars. Also on Friday, the government announced that retail inventories increased by 0.3 percent in November and wholesale inventories decreased by 0.2 percent.
trade deficit after during the presidency of Biden got little attention, it may be in the spotlight again when Trump is in the White House. However, the new president will not be able to immediately do much to fix this deficit, which dates back to the 1990s. America has become very dependent on foreign goods and cannot move away from them quickly.
