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US Goods Exports Tumble by Most Since 2020 as Trump’s Tariffs Disrupt Trade

  • On June 25, 2025, at the Port of Los Angeles, container ships were being loaded with cargo amidst ongoing disruptions to trade.
  • This followed the Trump administration's April 2 announcement of reciprocal tariffs as part of a stronger America-first trade policy.
  • These tariffs have led to a five percent drop in U.S. goods exports to $179.2 billion in May, while imports remained nearly unchanged.
  • Former Treasury Secretary Larry Summers said tariffs will average 13 to 14 percent and called them a "self-inflicted wound" raising prices and unemployment.
  • The tariffs contributed to global economic slowdown concerns, with major banks lowering growth forecasts and recession risk nearing 50 percent in 2025.
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Global trade has reached another turning point: according to the latest Export Watchdog Report by EXIM Hungary, the tariff war unfolding this year could bring about a significant reshuffle in global markets. The 3.3% global GDP growth in 2024 could be followed by 2.8% this year and 3.0% next year, according to the latest issue of EXIM Hungary's professional analysis of exports and expected trends. The biannual publication points out that in addi…

·Budapest, Hungary
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The New Global Order broke the news in on Wednesday, June 25, 2025.
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