Plans for tariffs and tax cuts are likely to worsen the U.S. trade balance, Desmond Lachman writes in a guest commentary.

For instance: the levying of tariffs — tariffs that President-elect Donald Trump has said he would levy, aimed at reducing our trade deficit. That deficit, in just the month of November ...

On the global stage, countries export some goods and services while importing others. A trade deficit occurs when the dollar value of a country’s imports is more than its exports. Each country has an ...

President-elect Donald Trump’s obsession with tariffs reflects a deep-seated antipathy toward trade and trade deficits — in his ow n words, “trade deficits hurt the economy very badly.” ...

(Bloomberg) -- The US trade deficit widened in November, reflecting the biggest jump in imports since March 2022 as companies accelerated shipments ahead of a possible dockworkers’ strike and in ...

In November, the US trade deficit rose 6.2 percent to $78.2 billion, said the Commerce Department on Tuesday. This was slightly more than the $77.9 billion figure expected by a Briefing.com ...

The United States ran historically large trade deficits during the 2000s and accumulated large debts to both official and private foreign lenders. This development has raised doubts in many ...

US Trade Deficit Widens on Largest Jump in Imports Since 2022 Goods, services gap widened 6.2% in November to $78.2 billion Total imports rose 3.4%, or $11.6 billion, in broad advance ...