From the time of US President Donald Trump has been in power for the second time, they are making large decisions with the slogans of the United States. In an attempt to make his country the Great Trump did not only have heavy tariffs at various countries but also forced foreign companionship to invest in the United States.
But in reality these steps are prove to prove. Statistics show that 71 large companies declared bankrupt in July. This is well increased by 19 percent to 2991 billion dollars. It is the second largest loss of July in the history of the United States. The biggest loss was recorded only in 2021.
446 companies have been in the United States bankrupt
In July, 71 largest companies in the United States became bankruptcy, which is the largest figure after 2020 Corona Epidemic. Earlier, in May 64 large companies and 66 were bankrupt in June. In this way, 446 large companies have gone bankrupt in the United States. This is the largest number in 15 years. It is a largest figure than 2021 and 2022 full year. In 205 companies and 2022 companies in 2021 and 373 companies were bankrupt. Industrial (70) and consumer distribution (61) companies have the most harm.
The Budget Defense of the Treasure Department reached 29 291 billion in July, while June 27 billion in June. The government expenditure in July 9.7 per cent to 630 billion dollars, which is the highest since January. Meanwhile, Ravenu has also increased by 2.5 per cent to 338 billion. It includes the 29.6 billion dollar tariff ravense. In addition, the budget deffiset has reached 1.63 trillion this year. The United States is moving towards the third largest budget deficiency in its history.
37 trillion debt on US
On one side, Trump is declared tariff in other countries, while on the other hand, the US economy is growing towards a crisis. According to the US Finance Ministry, the government’s total national debt has crossed the dollar of Rs 37 trillion. The biggest thing is that the US debt is rising 1 trillion every five months.