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U.S. Trade Deficit Hits Record High Ahead of Tariff Impact
361 sats \ 5 comments \ @jakoyoh629 6h econ
While one of the stated goals of the Trump administration’s tariff policy is to close the U.S. trade deficit, the initial effect of the tariff offensive was exactly the opposite. As U.S. companies stocked up on goods and materials sourced abroad in anticipation of higher tariffs, imports of goods increased at an annual rate of 51 percent in the first quarter of 2025, resulting in the largest-ever trade deficit even after accounting for inflation.
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https://www.statista.com/chart/34405/us-net-exports-of-goods-and-services/
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50 sats \ 1 reply \ @Undisciplined 6h
It's good irony, but shifting consumption should balance out over time.
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34 sats \ 0 replies \ @jakoyoh629 OP 6h
Couldn't tell ya what exactly, but somethin's gotta shift to turn this around. Time'll pass and the politicians'll do their thing, I suppose.
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0 sats \ 0 replies \ @Hodl117 1h
To the economists... In a hard money economy, generally you want a trade surplus (money from other countries flowing in, making locals richer and able to spend more money outside the country, balancing out the surplus), and in a soft money economy, you want a trade deficit (the money flowing out, thus avoiding local price inflation while getting goods from other countries for cheap), correct? Or does it really matter, as long as all parties are benefiting from the trade? Or am I completely wrong?
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0 sats \ 0 replies \ @geeknik 1h
Tariffs: The economic equivalent of yelling 'FIRE' in a crowded import warehouse. 🚨📦
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0 sats \ 0 replies \ @Dkryptoenth 3h
Wow
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