US Trade Deficit Concerns and Tariffs

According to the Commerce Department, the US imports more than it exports and faces competitive challenges. Trump justifies tariffs as a response to trade imbalances, although many economists disagree.


US Trade Deficit Concerns and Tariffs

According to the Ministry of Trade's announcement, typically the United States imports more goods from other countries than it exports, which, in their opinion, may lead to a new competitive situation for the US. Abdalazim Khanafi explains the introduction by Trump of comprehensive customs duties with several factors, including the imbalance of the external trade balance. More often than not, Trump describes the trade deficit as a symptom of the fact that other countries are acting to the detriment of the United States, although most economists do not agree with this. Over the decades, the US has been fighting for a reduction in external trade barriers.