US trade deficit hits 10-year high

The US trade deficit hit a 10-year high in Oct, 2018 as Americans used a stronger dollar to snap up record imports, the United States government reported on Thursday.

The result showed the trade gap has continued to swell despite the punitive tariffs imposed this year on allies and adversaries alike by US President Donald Trump, who has focused intently on the subject with the goal of reducing the deficit.

And that is likely to subtract from growth in the final quarter of 2018, economists say.

جواب دیجئے

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