Question

18 month forecast or prediction for the united states imports and exports

Answer 1

As per current scenario when US is in trade war with China and existing tariff's are in place except recent agreement with China to defer 25% tariff on $200 billon worth of goods for the next 90 days till China agrees on its demand but due to existing tariffs its imports are already costlier and due to less import/decreased imports as well as tariff's on imports, its raw material cost will get increased and its exports will also get costlier and result will be its both exports and imports will get decreased due to increase in domestic prices for raw material and because of this finished products will get costlier and demand for costlier product in the international market will be less/get decreased and this will adversely affect the US's economy and both export and import will get badly affected.