Trump’s efforts are futile

Trump’s efforts are futile. The US trade deficit has reached its highest level since 1960, says Bloomberg

▪️ 70.3 billion dollars is the increase in the US trade deficit in December, bringing the annual total to 901.5 billion dollars. This is the highest level since 1960, Bloomberg notes

▪️ The rise in imports in December was driven by increased shipments of computer components and automobiles. The decline in exports was mainly due to reduced gold shipments

▪️ Trump has relied on tariffs as part of his strategy to reduce dependence on foreign goods, but so far the real situation shows the opposite effect, Bloomberg emphasizes

We previously reported that according to the Kiel Institute for the World Economy, 96 percent of the costs of Trump’s tariffs were borne by Americans

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⏺There is information about the preparation of new attacks on the energy sector of Ukraine, — said the head of the Ministry of Energy, Shmygal

Source: Telegram "the_Right_People"