Trump’s Tariffs Are Aimed at a Trade Deficit Driven by Popular Goods
Trump wants to reduce the $1.2 trillion trade deficit, so he’s putting tariffs on popular imported goods from smartphones to ...
Underpinning Trump’s Tariff-Based Trade Wars Are Misunderstood Trade Deficits
Tariffs are Trump's weapon of choice in on-again, off-again trade wars with Colombia, Canada, Mexico, China, importers of ...
U.S. budget deficit for Trump’s first full month in office hits $307 billion
The deficit for the first five months of fiscal 2025 came to $1.147 trillion, up 38%, or $318 billion, from a year earlier.
Government deficit rose 4% in Trump’s first full month in office, despite DOGE. UBS says the U.S. is slashing confidence, not spending
While the government did cut its outlays in February, the budget deficit for the month more than doubled compared to January ...
Trump’s $5 million idea to reduce the deficit and reduce immigration fraud
Donald Trump and his pet program DOGE have been looking for ways to reduce the deficit. The president’s latest idea is a ...
Fact check: Trump wildly exaggerates trade deficits with Canada, Mexico, China and the EU
Trump, who has imposed 25% tariffs on almost all products imported from Canada, has repeatedly said this year that the US has ...
US October-February budget deficit hits record $1.147 trillion
The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said ...
Government shutdown averted with Senate passing Trump’s spending plan
The Senate passed a Republican-backed bill to fund the government, sending the measure to President Donald Trump’s desk ahead of a midnight funding deadline. The bill, which would fund the government ...
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Fact check: Trump wildly exaggerates trade deficits with Canada, Mexico, China and the EU
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 ...
Recap: Government shutdown averted, Senate-passed spending bill goes to Trump
President Trump praised Senate Minority Leader Chuck Schumer for saying he would back the GOP spending bill to avert a government shutdown.