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Imports boost US goods trade deficit to record high
U.S. trade deficit in goods hits record high just before Trump took office. It won’t be easy to reduce them.
The U.S. posted a record trade deficit in goods in 2024, spotlighting what is likely to be a constant eyesore under the second administration of President Trump, which is encouraging more domestic production.
Imports boost US goods trade deficit to record high as tariffs loom
The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods in anticipation of broad tariffs from President Donald Trump's new administration.
U.S. Trade Deficit Soars As Buyers Race To Beat Trump's Tariffs
Trump has promised to enact strict tariffs on major trading partners, and economists said businesses are likely trying to get ahead of any potential effects.
It’s ‘Too Close To Call’ When Predicting Total Trade, Export, Imports Records For 2024
Just weeks into the second term of President Trump, amid a flurry of tariff threats and free trade agreement reappraisals, the U.S. government will release annual data.
Japan’s exports hit record high, but trade deficit continues
TOKYO (AP) — Japan saw record-high exports last year, as its annual trade deficit declined 44% from the previous year, the Finance Ministry reported Thursday.
US Merchandise-Trade Deficit Widened to Record Ahead of Trump
The US merchandise-trade deficit widened in December to a record as the value of imports increased, highlighting a key issue that President Donald Trump aims to rectify in his second term.
U.S. Trade Deficit Jumps in December As Businesses Stockpile Goods
The U.S. trade deficit in goods grew 18% to $122.1 billion in December, according to advance data from the Census Bureau, up $18.6 billion from November. The increase was driven by a surge in imports—$10.
11h
Record US goods trade deficit seen cutting into fourth-quarter GDP growth
The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial ...
6d
on MSN
Fact check: Trump makes false claims about trade with Canada and Europe in remarks to Davos
President Donald Trump repeated false claims about the US trade relationship with Canada and Europe in virtual Thursday ...
اخبار 24
11h
US trade deficit expands by more than 6% in November 2024
The US trade deficit widened in November 2024 amid a faster increase in the goods trade deficit compared to the services trade surplus. Accordi ...
23h
India's economy faces slowing growth, volatile trade ahead of new financial year
Indian Prime Minister Narendra Modi may seek to arrest slowing economic growth in the world's fifth-largest economy and ...
CNN
13d
With tariffs and trade in the spotlight, what Trump means when he says America is ‘losing’ billions to Canada, others
The lion’s share of the $200 billion was attributed to US defense spending of which Canada directly benefits, and the remainder is from the
trade deficit
, a Trump-Vance transition official told CNN.
3d
on MSN
Trump’s new trade war may prove far more disruptive than his first
President Donald Trump’s ambitions for a reordering of world commerce are broader. The opposition — at home and abroad — is ...
16h
Trade Gap Widens to $122.1B; Fed Faces Inflation Risks as Trump Tariff Threats Heat Up
The U.S. trade deficit surged to $122.1B in December. With Trump eyeing new tariffs, markets brace for inflation risks and ...
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