Hindusthan Samachar
Banner 2 बुधवार, मार्च 27, 2019 | समय 00:59 Hrs(IST) Sonali Sonali Sonali Singh Bisht

Despite all the trump admin efforts, trade deficit was highest last year

By HindusthanSamachar | Publish Date: Mar 7 2019 2:37PM
Despite all the trump admin efforts, trade deficit was highest last year
Washington, Mar 07 (HS): Despite the US first policy, the trade deficit was the highest in history last year. During this time, the import of goods and services was imported by the US so that it reached an amount of 891.03 billion, including a loss of Chinese imports, which is a record. According to media reports, there were also events other than the Trump administration. Among them, the global economic downturn, the lack of global demand in relentlessly in the US dollar showed a decrease in exports. But a cut of a half dollar tax cut and trade war with China can not be ruled out. It is said that economists had even said that the tax deduction could have a bad effect. The trade war has had adverse effects. From the administration, steel and aluminum, washing machines and tax on solar panels have increased from $ 12.5 billion per annum of the excess losses, that is, total losses of $ 621 billion to USD 70 billion.In this way, the deficit is not only from China, The European Union has also increased with Canada and Mexico. Hindusthan Samachar/Lalit/Radha/Ram\
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