BBCNEWS Business Briefing July 14, 2024
The us will reveal its latest trade numbers today, as its spat with china rumbles on. President trump has made reducing americas deficit a key priority. In april, the deficit narrowed to just under 51 billion. But it wasnt just imports which fell american exports dropped dramatically the biggest fall in three years. Some countries have benefited from the trade war. Mexico, the eu, and canada have all seen their exports to the us rise substantially this year as trading patterns have shifted. But economists warn that rising tariffs will be bad for the world economy. The imf has lowered its forec...
Source: archive.org
