President Donald Trump made at least nine false claims in his Friday remarks to reporters in the Oval Office – including a ...

Among the most common economic justifications for tariffs today is that they’re needed to shrink a U.S. trade deficit that has long cost us jobs and dragged down economic growth. On both the ...

These graphics highlight partner-specific trade policies, rather than sector-specific ones. In 2024, the US ran a net $1.2 trillion trade deficit in goods, meaning a higher value of goods was ...

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 ...

Photo: Kevin Lamarque/Reuters/Amanda R. Gray/U.S. Navy The Commerce Department reported a record $918.4 billion U.S. trade deficit in 2024. President Trump believes a trade deficit is harmful to ...

The country's exports stood at USD 41.41 billion in the same month a year ago. However, trade deficit in February narrowed to USD 14.05 billion as the country's imports reduced to USD 50.96 ...

first weeks of his second term in office. Trade deficits. Underpinning President Trump’s on-again, off-again tariff-led trade wars with Colombia, with Canada, with Mexico, with China ...

To put the issue in perspective, the last time the US ran a trade surplus (i.e., exports exceeding imports) was 1975; and while we’ve had deficits since then, over the last 15 years or so ...

What is a trade deficit? It is when a country imports more from another country than it sells to it in exports. So the US has a big trade deficit in goods – which are physical products – with ...