Growing gaps with Mexico and Vietnam add to the biggest imbalance the U.S. faces—with China.
For example, the US trade deficit with Canada exists largely because the US imports a large quantity of cheap Canadian heavy crude oil that helps keep gas prices down for American drivers.
The U.S. trade deficit in goods narrowed in February amid a rise in exports, which could temper economists' expectations for ...
(Bloomberg) -- The US trade deficit widened to a record in January ... and on Tuesday he handed down sweeping 25% duties on Canada and Mexico while doubling tariffs on Chinese goods to 20%.
Imposing new taxes on imports from countries that sell more goods to the United States than they buy may not undo trade ...
The nation’s biggest trading partners—Mexico, Canada and China—contribute a sizable share of the gap. But the U.S. last year ran a trade deficit with more than 100 countries, according to ...
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