Can you say unintended consequences?
That's despite a raft of tariffs meant to bring the deficit down.
The value of stuff the U.S. imported (like passenger vehicles) rose, but so did the value of stuff it exported (like oil and agricultural products).
The U.S. imported more goods and services than it exported — around $70 billion worth — in December, according to new data from the U.S. Bureau of Economic Analysis.
The law in question doesn’t mention tariffs. But the president also has wide latitude in setting the foreign-policy agenda.
Trade math doesn't lie.
The U.S. will import less and our exports will likely also suffer because of retaliatory tariffs from other countries.
The trade deficit grew as imports increased by $16 billion in March, the Census Bureau reported.
Because if we want to buy imports, we either have to export an equivalent amount or borrow money.
Economists say that if foreigners buy fewer American goods, then the federal government needs to spend less, but that’s not happening.
