{"id":5459,"date":"2025-08-05T19:02:44","date_gmt":"2025-08-06T02:02:44","guid":{"rendered":"https:\/\/abovecloud.xyz\/?p=5459"},"modified":"2025-08-05T19:03:01","modified_gmt":"2025-08-06T02:03:01","slug":"u-s-imports-slid-in-june-on-higher-tariffs","status":"publish","type":"post","link":"https:\/\/abovecloud.xyz\/?p=5459","title":{"rendered":"U.S. Imports Slid in June on Higher Tariffs"},"content":{"rendered":"\n<p>Imports from other countries fell around 4 percent from the previous month as President Trump\u2019s steep tariffs discouraged businesses from ordering goods.<br><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"961\" height=\"552\" src=\"https:\/\/abovecloud.xyz\/wp-content\/uploads\/2025\/08\/image-3.png\" alt=\"\" class=\"wp-image-5460\" srcset=\"https:\/\/abovecloud.xyz\/wp-content\/uploads\/2025\/08\/image-3.png 961w, https:\/\/abovecloud.xyz\/wp-content\/uploads\/2025\/08\/image-3-300x172.png 300w, https:\/\/abovecloud.xyz\/wp-content\/uploads\/2025\/08\/image-3-768x441.png 768w\" sizes=\"auto, (max-width: 961px) 100vw, 961px\" \/><\/figure>\n\n\n\n<p><br>U.S. imports of goods fell in June, the\u00a0<a href=\"https:\/\/www.bea.gov\/news\/2025\/us-international-trade-goods-and-services-june-2025\" target=\"_blank\" rel=\"noreferrer noopener\">Commerce Department<\/a>\u00a0said on Tuesday, as President Trump\u2019s tariffs continued to weigh on trade.<\/p>\n\n\n\n<p>The decline from May was nearly 4 percent, as businesses adjusted to shifting tariff deadlines and uncertainty in negotiations between the Trump administration and officials from other countries. Companies had rushed to stockpile goods before higher tariffs were put in place. That led to a temporary surge earlier in the year in goods shipments that pushed the trade deficit to a record $138.3 billion in March.<br><br>Exports dipped slightly, about 0.5 percent, as U.S. companies sold fewer industrial goods. Still, the overall trade deficit narrowed to $60.2 billion in June.<br><br>Mr. Trump has&nbsp;<a href=\"https:\/\/www.nytimes.com\/2025\/08\/01\/business\/economy\/trump-tariffs.html\">imposed tariffs on a variety of industries and trading partners<\/a>&nbsp;since returning to the presidency in January, raising the U.S. tariff rate to levels not seen in a century. He has suspended, altered and delayed many of those tariffs many times to allow for negotiations, which have resulted in broad-brush agreements with America\u2019s major trading partners like Japan and the European Union. Higher tariffs for dozens of countries are set to snap back into effect on Thursday unless more deals are reached.<\/p>\n\n\n\n<p>In recent quarters, big swings in trade and inventories have&nbsp;<a href=\"https:\/\/www.nytimes.com\/2025\/07\/30\/business\/us-economy-grew-in-second-quarter-as-tariffs-scrambled-data.html\">skewed<\/a>&nbsp;U.S. economic growth. Overall, the data suggest a slow, though positive, pace of growth.<\/p>\n\n\n\n<p>Many forecasters expect a deterioration in the months ahead, as tariffs disrupt supply chains and the Trump administration\u2019s policies on immigration and government job cuts start to take a toll on the economy.&nbsp;<a href=\"https:\/\/www.nytimes.com\/2025\/08\/01\/business\/economy\/jobs-report-revisions-us-economy.html\">Weaker-than-expected job growth<\/a>&nbsp;in May, June and July in data released on Friday has provided more evidence for this view.<\/p>\n\n\n\n<p>Later that day, Mr. Trump, angered by the jobs numbers,&nbsp;<a href=\"https:\/\/www.nytimes.com\/2025\/08\/01\/business\/economy\/trump-bls-firing-jobs-report.html\">fired the commissioner<\/a>&nbsp;of the Bureau of Labor Statistics.<\/p>\n\n\n\n<p>Oxford Economics, a research firm that provides economic forecasts, said on Tuesday that it expected trade volumes to decline throughout the year as high inventory levels, weaker business and consumer spending, and elevated prices all weighed on demand for goods.<br><br>But, despite the anticipated drop, the downturn \u201cmay not be as severe\u201d as initially expected, the firm added.<\/p>\n\n\n\n<p>Still, as most U.S. firms rely heavily on international supply chains, the proposed tariffs could make American businesses less competitive and less profitable and provide fewer opportunities of growth, said Mark Weinstock, an economics professor at Pace University.<\/p>\n\n\n\n<p>\u201cTariffs will not make America great again,\u201d he said.<br><br>Reposted from The New York Times<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Imports from other countries fell around 4 percent from [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[4860,4834,4074],"class_list":["post-5459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-usa","tag-imports","tag-june","tag-tariffs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - 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