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. trade deficit widens 50% since first Trump term despite tariffs
WASHINGTON -- The U.S. trade deficit in goods reached a record high of $1.21 trillion in 2024, up 50% from 2017, government data shows, bringing into question whether President Donald Trump's tariffs can achieve one of their main stated policy goals.
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 ...
Jamieson Greer, President Donald Trump's nominee for U.S. trade representative, said on Thursday that a universal tariff ...
China’s trade surplus hit a record high in 2024, a symbolically potent $1 trillion. The optics of that rounded-up figure—the ...
Trump's tariffs on Canada, Mexico and China suggest he is willing to risk a global trade war. The main thing that could stop ...
Jamieson Greer promised to pursue Trump's hardline trade policies in testimony Wednesday before the Senate Finance Committee.
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 ...
China hit back after being subjected to tariffs by President Trump, who said he would speak with China’s leader, Xi Jinping.
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