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Keyword: billglahn

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  • Exports up, imports down

    06/05/2025 10:10:52 PM PDT · by lasereye · 14 replies
    Powerlineblog ^ | June 5, 2025 | Bill Glahn
    Are the tariffs working? The headline from the BBC, Tariffs prompt record plunge in US imports.The details, Goods brought into the US plunged by 20% in April, recording their largest ever monthly drop in the face of a wave of tariffs unleashed by US President Donald Trump. You literally have to go down to the final two sentences to learn the bottom line of the report, Exports so far this year are up about 5% compared with 2024. The overall goods and services deficit in April was $61.6bn, down from $138.3bn in March. Wut? Exports are up? How can that...