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U.S. Trade Deficit Hit Record in 2024 as Imports Surged
Data released Wednesday morning by the Commerce Department showed that U.S. imports of goods and services grew 6.6 percent to a record $4.1 trillion, as Americans bought large amounts of auto parts, weight-loss drugs, computers and food from other countries.
Trump detests the U.S. trade deficit. Here's what it means.
President Donald Trump has repeatedly criticized the nation’s trade deficit, which the Commerce Department reported Wednesday reached a new record high.
Record high imports pressure US trade deficit
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats, which might have prompted businesses to rush purchases of foreign-made goods like finished metals and computers.
US Trade Deficit Widens Significantly Ahead of Trump Tariffs
The U.S. trade deficit hit near-record levels in late 2024 as America's trading partners prepare to navigate Trump's tariffs.
US trade deficit hits record that will be a Trump target
President Donald Trump's mission to close the U.S. trade deficit met a greater challenge as America's trade deficit in goods soared to a record $1.2 trillion in 2024.
US trade gap swells as Trump renews scrutiny of deficits
The US trade gap swelled last year to its second-largest on record, government data showed Wednesday, as deficits come under the spotlight with President Donald Trump's return to the White House. The trade deficit in goods also reached a new record for the year,
2d
Is The US Economy Slowing? How Might US Trade Be Impacted?
Having access to capital can better ensure that small and medium businesses have the resources required to compete with large ...
8h
Prolonged Trade Uncertainty to Weigh on Economic Growth, Bank of Canada’s Macklem Says
The longer uncertainty over tariffs persists, the more it will damp economic activity, the central bank governor said.
1h
Trump meets Japan's Ishiba as China trade war simmers
U.S. President Donald Trump meets Japanese Prime Minister Shigeru Ishiba for the first time on Friday as two allies wary of ...
3d
Trump’s Trade War Threatens The Global Economy And Markets
Trump's tariffs on Canada, Mexico and China suggest he is willing to risk a global trade war. The main thing that could stop ...
PBS
4d
Analysis: The potential economic effects of Trump’s tariffs and trade war, in 9 charts
President Trump’s tariffs on Canada, China and Mexico could upend U.S. trade. These nine charts show what’s at stake, what ...
1h
on MSN
Want free trade? May I introduce you to the tariff?
The United States and several other countries have become victims either because they believed in the myth of free trade or ...
1d
on MSN
What are the risks of a U.S.-China trade war, and can conflict be averted?
The world's two biggest economies are on the brink of an economically destructive trade war. Here's what experts think could ...
38m
Rate sensitive shares trade mixed as RBI cuts repo rate by 25 bps to 6.25%
Bank of Baroda, Axis Bank, Punjab National Bank, Canara Bank and ICICI Bank from the Nifty Bank index were trading lower ...
5h
on MSN
Trump’s China Trade Crackdown Sparks Shipping Chaos, Price Hikes
Logistics firms are scrambling to adjust to President Donald Trump’s new rules that threaten to upend their booming business ...
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