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

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.

The narrowing of the trade deficit was likely influenced by a decline in gold imports, as higher global prices reduced demand ...

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 ...

RAPID DATA CHECK. For January 2025, merchandise trade deficit widened to $23 Billion with higher deficit driven by weak ...

Given the current global context, where the US is imposing tariffs and quotas on several nations, Africa should consider ...

President Donald Trump issued a memorandum on reciprocal trade and tariffs on Feb. 13, 2025, citing the economic and national security threat posed ...

Cargo cranes remove containers in Tacoma, Washington, in November 2019. (Ted S. Warren/AP) The prevailing dislike for imports among America’s political class has an old and bipartisan pedigree.

The Bahamas’ record annual $4.274bn trade deficit for 2024 is not something “to be alarmed about as yet”, a local economist told Tribune Business yesterday. Rupert Pinder, assistant ...

WASHINGTON -U.S. President Donald Trump welcomed Japanese Prime Minister Shigeru Ishiba at the White House on Friday and said the two countries would work to cut Washington's trade deficit with ...