US has highest trade deficit in the world. Who has highest trade surplus? Here's what trade imbalance and reciprocal tariffs mean and why it matters

Economists say Trump's 'reciprocal' tariffs appear to be 'some other made-up measure based on a formulaic trade deficit calculation.'

Futures are pointing to another day of heavy losses for U.S. stocks on Friday as fears grow that a deepening global trade war will cut into corporate profits and stall economic growth.

President Trump’s new tariffs aim to narrow the big trade deficits the U.S. runs with a host of countries.

Trade economists were scratching their heads on Thursday at the formula used by the White House to measure trade imbalances and inflict punishment on all its global trading partners. Handed a chart in the White House Rose Garden,