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.
U.S. Goods-Trade Deficit, a Trump Bugbear, Hits New Record
The U.S. trade deficit grew again at the end of last year as exports slipped, widening a gap the new administration has vowed to address. Imports increased 3.5% on the month in December, while exports fell 2.
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.
Trump’s nemesis, the US trade deficit, hit record high in 2024
The Commerce Department report also showed the United States ran record bilateral trade deficits with Mexico, Vietnam, India, Taiwan, South Korea and the 27-nation European Union.
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 deficit swells to $918.4 bn in 2024: What will be Trump's next move?
The high figures could attract renewed scrutiny under the new US administration, with Trump already threatening tariffs on major US partners over trade imbalances and other issues
US trade deficit in goods hit record high in 2024
The US annual trade deficit in goods hit a record high in 2024. President Donald Trump's plan for higher tariffs is partially aimed at closing that gap.
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 good in 2024, spotlighting what is likely to be running sore spot under the second administration of President Trump.
China Hits Back Against Trump’s Tariffs With Targeted Actions
China retaliated to Donald Trump’s opening trade war tariffs by targeting a handful of American companies and slapping levies on some US goods, in a move seemingly designed to avoid escalating tensions between the world’s biggest economies.
Trump’s America First Trade Policy: Tariff Risks Are Rising
Trump's trade policies suggest more duties are on the horizon, and Wall Street's no longer sure of when the risks will end.
2024 Trade Tops $5 Trillion, Exports Top $2 Trillion, Imports Above $3 Trillion
Along with $2 trillion in U.S. exports and $3 trillion in imports, the U.S. trade deficit with the world topped $1 trillion for the third time in four years.
Canada posts first trade surplus in ten months of C$708 million
Canada saw its first trade surplus in ten months in December as exports continued to expand faster than imports, led by ...
Record high imports sharply widen US trade deficit in December
WASHINGTON (Reuters) -The U.S. trade deficit widened sharply in December as imports surged to a record high against the ...