Diabytes
US imports News
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US President Donald Trump has announced 54 per cent reciprocal tariffs on China, which include previous duties already in place.
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The U.S. is a top auto export market for South Korea. Of South Korea's total car exports last year, exports to the U.S. were tallied at $34.7 billion, or 49.1 percent. No U.S. tariffs have been imposed on Korean cars since 2016 under a bilateral free trade agreement.
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Unlike Washington's list, which was filled with many obscure industrial items, China's list strikes at signature US exports.
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US President Donald Trump announced on Thursday that he would impose a 25% tariff on imported steel.
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The trade deficit for the month was pushed by rising oil prices, as well as record imports from China ahead of the holiday shopping season, the Commerce Department said in its monthly report.
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The US trade deficit shrank in November to a nine-month low as a sharp drop in imports outpaced a decline in exports, the Commerce Department said Wednesday.
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US gross domestic product grew at an annual 2.4 percent pace last year.
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