Ripam
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The U.S trade deficit (the gap between what America imports and exports) reached a record $162 billion.
This happened because companies rushed to buy goods before new tariffs (extra taxes on imports) started. In response, China is standing firm and refusing to give in during trade talks. Big companies like General Motors and UPS are worried and have stopped giving financial forecasts.
This happened because companies rushed to buy goods before new tariffs (extra taxes on imports) started. In response, China is standing firm and refusing to give in during trade talks. Big companies like General Motors and UPS are worried and have stopped giving financial forecasts.
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