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US Imports Plunge in June, Surpassing Market Projections
1 week ago /
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Author：小编
Due to tariff hikes imposed by the Trump administration, US imports declined sharply by 8.4% year-on-year in June, significantly exceeding market expectations. Effective August 7, a series of tariff measures will come into force, with goods from certain countries facing tariffs as high as 50%. Projections by relevant institutions suggest that by 2025, the annual import volume of the United States will decrease by 5.6% compared to the previous year. Some officials have cautioned that these tariff hikes are resulting in price hikes and may lead to a reduction in the variety of goods available in the future. They have urged the negotiation of a trade agreement to reduce tariffs and mitigate the adverse effects.
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