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.
US trade deficit widens sharply in December as imports hit record high
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats. The trade gap increased 24.7% to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said on Wednesday.
Along with $2 trillion in U.S. exports and $3 trillion in imports, the U.S. trade deficit with the world topped $1 trillion ...
President Trump is an avowed supporter of tariffs, but many experts say such trade measures can boost inflation.
The U.S. trade deficit expanded significantly in December due to record-high imports amidst ongoing tariff threats. The ...
Just weeks into the second term of President Trump, amid a flurry of tariff threats and free trade agreement reappraisals, ...
Starting Tuesday, nearly all imports from Canada and Mexico will be charged a 25% tariff, while goods from China will be ...
Thailand is set to increase imports of US ethane and agricultural products, a government official said, in a bid to prevent ...
China alleges that the tariffs are based on unfounded and false allegations, and are in excess of the U.S.’s bound rates in a ...
When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and ...
There is strong nationwide support among Canadians for putting export taxes on oil shipments if needed to retaliate against ...
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