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Record high imports sharply widen US trade deficit
Record high imports pressure US trade deficit
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats, which might have prompted businesses to rush purchases of foreign-made goods like finished metals and computers.
Trump detests the U.S. trade deficit. Here's what it means.
President Donald Trump has repeatedly criticized the nation’s trade deficit, which the Commerce Department reported Wednesday reached a new record high.
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
Data released Wednesday morning by the Commerce Department showed that U.S. imports of goods and services grew 6.6 percent to a record $4.1 trillion, as Americans bought large amounts of auto parts, weight-loss drugs, computers and food from other countries.
1d
2024 Trade Tops $5 Trillion, Exports Top $2 Trillion, Imports Above $3 Trillion
Along with $2 trillion in U.S. exports and $3 trillion in imports, the U.S. trade deficit with the world topped $1 trillion ...
1h
Trump's trade chief nominee Greer says universal tariff needs more study
Jamieson Greer, President Donald Trump's nominee for U.S. trade representative, said on Thursday that a universal tariff ...
2h
Trump's US trade negotiator pick vows hard-line policies
Jamieson Greer, President Donald Trump's choice to be the top U.S. trade negotiator, promised to pursue the president's ...
The Express Tribune on MSN
1d
Trade gap hits $2.3b as imports stay high
As a result, the seven-month trade deficit came in at $13.5 billion, up 3%, or $372 million. For a country having a little ...
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