White House / File photo: IANS
The US trade deficit narrowed to its smallest level since mid-2020, shrinking by more than 35 per cent from a year earlier, according to a White House press release that credited President Donald Trump’s tariff-driven trade strategy with delivering measurable gains for the American economy.
The administration said the latest data showed a sharp improvement in trade performance, pointing to stronger exports, reduced imports, and a marked contraction in the trade gap with China. It described the figures as further evidence that the President’s “America First” trade agenda is producing results after years of policies that, in its view, disadvantaged US producers.US exports rose 6 per cent from a year earlier, reaching their second-highest value on record, the release said. Inflation-adjusted exports of consumer goods were described as the largest ever, underscoring what the administration portrayed as growing global demand for American-made products.
ALSO READ: Piyush Goyal says trade talks with U.S. going well but no deadline for deal
ADVERTISEMENT
ADVERTISEMENT
Comments
Start the conversation
Become a member of New India Abroad to start commenting.
Sign Up Now
Already have an account? Login