The U.S. imported $1.2 trillion more in goods in 2024 than it exported, a record annual deficit and a major economic irritant ...

Trump wants to reduce the $1.2 trillion trade deficit, so he’s putting tariffs on popular imported goods from smartphones to ...

The deficit was larger than all but one estimate in a Bloomberg survey of economists. The value of imports rose 10% to a record $401.2 billion, while exports increased 1.2%. The figures aren’t ...

There’s a lot happening in global markets just two months into the new year. Trump’s tariffs, DeepSeek, European defence ...

President Donald Trump has for years wildly exaggerated the size of US trade deficits with various other countries. Now, as Trump cites those trade deficits as a key justification for his tariff ...

[Stay on top of transportation news: Get TTNews in your inbox.] The U.S. trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald ...

The 2024 deficit with China in goods trade alone was $295.2 billion, up from $278.7 billion in 2023. European Union Trump has regularly, and incorrectly, castigated the European Union over its ...

But the U.S. last year ran a trade deficit with more than 100 countries, according to Census Bureau data. Gaps with some of those nations, including Vietnam and India, have grown as businesses ...