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.
US trade deficit widens sharply in December as imports hit record high
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats. The trade gap increased 24.7% to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said on Wednesday.
Despite a growing trade war between Washington and Beijing, China's ethane imports from the U.S. are set to surge this year ...
Americans are likely to pay more for products from popular Chinese e-commerce platforms like Shein and Temu as the U.S.
Mexico is among the top 10 import countries for Washington state, with an import value over $1 billion in 2024 alone.
SINGAPORE (Reuters) - Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government ...
Along with $2 trillion in U.S. exports and $3 trillion in imports, the U.S. trade deficit with the world topped $1 trillion for the third time in four years.
Thailand is set to increase imports of US ethane and agricultural products, a government official said, in a bid to prevent ...
Despite a growing trade war between Washington and Beijing, China's ethane imports from the U.S. are set to surge this year ...
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