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US Slaps 30% Tariffs...
Financial Express Ahmedabad
|July 10, 2025
The Census Bureau reported that last year US ran a trade imbalance on goods of $1.4 billion with Algeria, $5.9 billion with Iraq, $900 million with Libya, $4.9 billion with the Philippines, $111 million with Brunei and $85 million with Moldova.
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The imbalance represents the difference between what the US exported to those countries and what it imported.
Taken together, the trade imbalances with those six countries are essentially a rounding error in a US economy with a gross domestic product of $30 trillion.
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