Opinion
Why Trump can’t close the trade deficit
The prevailing dislike for imports among America’s political class has an old and bipartisan pedigree. At least since the Carter administration — the last time the country’s broad balance of trade was in the black — members of both parties have bemoaned the country’s persistent trade deficit as evidence of some deep national weakness.
The US Department of Commerce says the combined goods and services trade deficit stretched to a gargantuan $918.4 billion in 2024. That's a 17% increase compared to 2023, although it's a little ...
Australia is one of the few countries the US has a trade surplus with. Here's why that could help make the country's case for a tariff exemption.
Overall, the U.S. trade-weighted average tariff rate has been about 2.2%, according to World Trade Organization data, compared with India's 12%.
Boeing’s turnaround could be impacted by tariffs on Canada, China, and Mexico. Find out why BA stock faces potential ...
The U.S. goods trade deficit with Canada was $80.1 billion ... While the overall level of trade of assets (FDI) was a positive $150.5 billion with Canada at the end of 2022. The President is ...
Prime Minister Narendra Modi will meet US President Donald Trump at the White House around 2.30 am IST on February 14.
Japan’s trade deficit in April dwindled to about half of what it was a year earlier, at nearly 855 billion yen. Although a negative for imports, the weak yen serves as a positive for exports by ...
However, the improvement in the balance in volume terms and the strength of services exports are positive factors. The deficit on goods is, and will remain, significant We estimate that the ...
With less than a month in office, the president has pursued trade actions that could shatter the global trading system and ...
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