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.
The U.S. ended 2024 with the second-largest trade deficit on record — and China and Mexico were the countries that benefited ...
Beijing has made its decision. After days of warning of counter measures and urging Washington to enter negotiations and ...
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.
China’s trade surplus hit a record high in 2024, a symbolically potent $1 trillion. The optics of that rounded-up figure—the ...
President Donald Trump has finally made good on a campaign promise to raise tariffs on Chinese imports – announcing on Saturday duties of 10% on all Chinese goods coming in the country as part of ...
Trump's tariffs on Canada, Mexico and China suggest he is willing to risk a global trade war. The main thing that could stop ...
China hit back after being subjected to tariffs by President Trump, who said he would speak with China’s leader, Xi Jinping.
Trump also suggested the tariffs were an attempt to level the playing field against three nations with which the US had a ...
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