Note to the White House: The U.S. Trade Deficit Is Homegrown
If President Trump were truly interested in eliminating the trade deficit, he could easily do so by balancing the federal ...
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 ...
Business Insider6d
Trump wants to reduce the trade deficit. Here's why that matters.
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 ...
The New York Times9d
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
Annual U.S. trade deficits in goods. ’00 ’05 ’10 ’15 ’20 The U.S. trade deficit in goods hit a record $1.2 trillion last year, as American consumers snapped up imported products and a ...
The Hill9d
Trade deficits are a distraction — focus instead on the debt
Politicians instinctively promise policies to reduce imports in response to chronic U.S. trade deficits. However, trade deficits are not a problem — they are merely a symptom of something more ...
Under threat of Trump tariffs, UK posts rare goods trade deficit with US
Britain entered a rare deficit in its goods trade with the United States at the end of last year, according to data published ...
The New York Times10d
One Economic Number Has Vexed Trump for Decades
The trade deficit has long drawn the president’s ire. Now, he’s preparing to take it on again. By Ana Swanson Ana Swanson covers international trade and is based in Washington To President ...
Forbes7d
U.S. Had Biggest Trade Deficits With These 10 Nations In 2024
Both Presidents Biden and Trump, like so many before them, have lamented the U.S. trade deficit. But ... [+] it keeps on growing. (They were photographed with their wives just prior to Trump's ...
MarketWatch4d
U.S. trade deficit hits second highest level ever as Trump weighs more tariffs
The trade deficit surged in December and the U.S. finished 2024 with the second largest gap ever, as some businesses sought to bring in more imports before President Trump raised tariffs.
Yahoo Finance9d
Record high imports pressure US trade deficit
The trade deficit swelled 17.0% to $918.4 billion in 2024, the largest since 2021. Imports increased 3.5% to an all-time high of $364.9 billion. Goods imports soared 4.0% to $293.1 billion.
Yahoo Finance6d
Trump wants to reduce the trade deficit. Here's why that matters.
President Donald Trump has long sought to tackle the country's overall trade deficit. The combined goods and services trade deficit hit $918.4 billion in 2024, a big increase from 2023.
AOL9d
Opinion - Trade deficits are a distraction — focus instead on the debt
Politicians instinctively promise policies to reduce imports in response to chronic U.S. trade deficits. However, trade deficits are not a problem — they are merely a symptom of something more ...