The US government reported that America’s trade deficit (goods and services) in December was $ 70.3 billion, which was $ 53 billion in November. At the same time, the trade deficit with India in December was 5.2 billion dollars.
The US trade deficit for the entire 2025 is $901.5 billion, which was $903.5 billion in 2024. During this period, exports have increased by $199.8 billion to $3,432.3 billion. At the same time, imports have increased by $197.8 billion to $4,333.8 billion.
Trade deficit in goods is expected to increase by $25.5 billion to $1,240.9 billion in 2025. The surplus from services increased by $27.6 billion to $339.5 billion.
In 2025, America’s trade deficit with the European Union is $ 218.8 billion, with China $ 202.1 billion, with Mexico $ 196.9 billion, with Vietnam $ 178.2 billion, and with Taiwan $ 146.8 billion.
Apart from this, the US Supreme Court has given a major decision on the Trump tariff, calling it illegal and canceling it. However, using Section 122, President Trump has imposed a 10 percent tariff on goods imported into the US for a period of 150 days. This temporary import duty will be applicable from February 24.
Trump has used the power given under ‘Section 122 of the Trade Act 1974’. Under this, the President can address certain ‘fundamental international payments problems’ through surcharges and other special import restrictions.
According to a fact sheet released by the White House, temporary import tariffs will not apply on some goods to more effectively address the fundamental international payments problems facing the US.
These include certain critical minerals, metals used in currency and bullion, energy and power products, natural resources and fertilizers, certain agricultural products, pharmaceuticals and pharmaceutical ingredients, certain electronics, passenger vehicles and other products.
Conspiracy to target Red Fort, input on Lashkar’s terrorist plan
Comments are closed.