As the imports have increased rapidly, the US trade deficit hit record in 2024

The US trade deficit reached a record $ 1.2 trillion last year. This is because American consumers steal imported products, and the US dollar, which is strong in export growth, has become heavier.

Data released by the Ministry of Commerce on Wednesday morning increased by 6.6 % to the recorded $ 4.1 trillion because it purchased a large amount of automotive parts, weight loss, computer, and food from other countries. It was shown what did.

The export of US products and services to the world has reached a record of $ 3.2 trillion in 2024. This was promoted by the historic sales of US services, such as business and financial advice, such as foreign spending on traveling in the United States.

However, the export of the product has become more loose. The strong US dollar has made it more expensive for other countries to buy American products. The United States has sold less cars, automotive parts, and industrial supplies, such as raw materials and machinery.

The global competition between strikes in the US automotive industry and China is most likely to have focused on exports of vehicles, parts, and engines that have decreased $ 10.8 billion than the previous year. However, US oil exports in the United States have surged, and the surplus of oil has been raised to a record of $ 44.9 billion.

Products and services, which have been imported from exports, have increased by 17 % to $ 918.4 billion.

The United States recorded the largest trade deficit with China, $ 295.4 billion, the European Union, Mexico, Vietnam and Ireland.

Trump has long criticized the trade deficit as a sign of economic weakness, and data can feed him to criticize other countries and trade behavior.

Nevertheless, the economist says that this trend was promoted by the strong performance of the US economy, especially with the strong performance of the US economy last year, especially with other worlds. US consumers continue to spend their money on imports.

Foreign investment in the United States has increased the value of the dollar, importing is relatively inexpensive for American consumers, and exports in the United States seem relatively expensive in the foreign market.

Last year's US imports and trade deficit growth were also prolonged effects in trade since the pandemic. American consumers were stuck at home during the pandemic. I photographed Chinese laptops, toys, cobid tests, athletes, furniture, and house mobility.

In 2023, consumers were consumed and US warehouses were full, and these purchases retreated. This provided a spring board last year to increase imports. All foods, drinks, capital goods like machinery, and cars and car parts were all freshly recorded last year.

For the second consecutive year, Mexico was the largest source of US imports in the United States, sending records of $ 559 billion to the United States, followed by China and Canada.

Exports of American products to Mexico have also reached $ 334 billion.

In 2023, for the first time in 20 years, Mexico surpassed China and became the top source of the official imports in the United States. This is the result of Trump's dependence on China after the trade war during the first term.

Brad Sessa, an economist at the Diplomatic Council, pointed out that the consumption of the United States, a weight loss, has caused a visible increase in trade data. Eri Lilly, a pharmaceutical giant, has produced popular weight loss in Ireland, ships them to the United States, and has raised the trade deficit with the country.

Trump is preparing for the World Trade War, so the flow of trade may be scrambled next year.

On Saturday, the president signed a Presidential order for the closest trade partner in the United States. He stated that tariffs were to push Canada, Mexico and China to stop the flow of immigrants to the border. Replace the relationship.

Canada and Mexico agreed on Monday after Trump agreed to delay 25 % of the monthly tariffs. However, 10 % of additional tariffs on all imports from China (a product of $ 450 billion or more) was enforced on Tuesday morning, promoting retaliation from the Chinese government.

Beijing said it will launch a tariff of about $ 20 billion in the United States from next Monday, and at the same time publish a curb on exporting minerals, and start a Google anti -monopoly survey.