Economic growth depends on deregulation, tax cuts and the budget deficit, not on the balance of trade.

"Trade wars are good, and easy to win," Donald Trump said in 2018 – and he has begun his second term launching one against ...

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.

WASHINGTON — Jamieson Greer, President Donald Trump’s choice to be the top U.S. trade negotiator, promised to pursue the president’s hard-line trade policies in testimony Wednesday before ...

Jamieson Greer, President Donald Trump's choice to be the top U.S. trade negotiator, promised to pursue the president's hard-line trade policies in testimony Thursday before the Senate Finance ...

Politicians instinctively promise policies to reduce imports in response to chronic U.S. trade ... budget deficits are pushing the federal debt, already nearly 100 percent of GDP, ever higher.

However, the federal government spent much more than it earned — it ran a budget deficit of more than 6 percent of GDP. That has pushed the country’s trade deficit to roughly 3 percent of GDP, ...

The U.S. trade deficit widened sharply in December as imports ... last week showed trade had a surprisingly neutral impact on GDP after being a drag for three straight quarters.

Washington (AFP) – The US trade gap swelled last year to its second-largest on record, government data showed Wednesday, as deficits come under the spotlight with President Donald Trump's return ...

The US trade deficit widened by 24.7% month-on-month to $98.4 billion in December 2024, its highest level since March 2022, according to the Commerce Department's Census Bureau on Wednesday.

(RTTNews) - A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in December, as imports surged and exports plunged. The Commerce ...