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Donald Trump has declared paying billions of dollars a month for the privilege of entering the United States.
The high tariffs imposed by President Donald Trump last year brought in an additional $ 9 billion from October to December in government coffers, but the deficit was still 42% higher than that of the government. 39 year before, announced Wednesday the US Treasury.
Trump has repeatedly said that tariffs imposed last year, including China's $ 250 billion annual import, were a boon to the US government, paid for by Chinese companies, while are by American companies.
China "pays billions of dollars a month for the privilege of entering the United States," Trump said Tuesday.
The total amount of tariffs collected reached $ 18 billion compared to the same period in 2017, while the amount of December had doubled to $ 6 billion, according to the monthly budget.
Trump has also imposed stiff tariffs on imports of steel and aluminum, as well as on other products such as solar panels and washing machines, in an effort to protect US industry, which provoked retaliation from its US trading partners.
Despite the increase in duties collected, the US fiscal deficit in the first quarter of fiscal year 2019, started on October 1, has widened by $ 94 billion, rising to $ 319 billion, thanks to an increase in spending of nearly 100 billion.
The increase in spending includes big increases for Medicare, social security, defense spending and an increase of $ 18 billion in interest on public debt, which reached this month. a record $ 22 trillion.
For the fiscal year ended September 2018, the deficit was $ 779 billion, an increase of 17% over the previous year, but is expected to reach $ 900 billion this year, according to a report. estimate of the non-parliamentary Congressional Budget Office.
(This story has not been changed by NDTV staff and is generated automatically from a syndicated feed.)
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