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.
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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.
U.S. Trade Deficit Hits Record High Amid Tariff Concerns
The U.S. trade deficit surged in December as imports hit a record high, driven by businesses rushing to secure foreign-made goods ahead of potential tariffs. The deficit jumped 24.7% to $98.4 billion,
Record high imports sharply widen US trade deficit in December
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 metals and computers.
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Record high imports pressure US trade deficit
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