Trump & Tariffs – Deal making at its best

BASED on the latest data released by the US Census Bureau and the US Bureau of Economic Analysis, the United States recorded total exports of US$2.08 trillion and imported some US$3.3 trillion worth of goods last year, resulting in a trade deficit of US$1.21 trillion.

Compared with a year ago, total exports rose by 1.9% but imports surged by 6%, which resulted in the trade deficit rising by 14% year-on-year.