Trump, U.S. trade deficit
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 supplies and consumer goods in anticipation of broad tariffs from President Donald Trump's new administration.
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.
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 ...
President Donald Trump repeated false claims about the US trade relationship with Canada and Europe in virtual Thursday ...
Just weeks into the second term of President Trump, amid a flurry of tariff threats and free trade agreement reappraisals, ...
Backtracking: The White House on Wednesday said a “federal funding freeze” remains in “full force and effect” despite rescinding a controversial memo ordering a freeze on grants and loans to give ...
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.
Indian Prime Minister Narendra Modi may seek to arrest slowing economic growth in the world's fifth-largest economy and ...
U.S. President Donald Trump has promised to address a longstanding trade deficit with the European Union, saying he will ...
TOKYO (AP) — Japan saw record-high exports last year, as its annual trade deficit declined 44% from the previous year, the ...
President Donald Trump’s ambitions for a reordering of world commerce are broader. The opposition — at home and abroad — is ...
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