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.
The U.S. ended 2024 with the second-largest trade deficit on record — and China and Mexico were the countries that benefited ...
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.
That leads to the biggest reason to fear tariffs, which is that the federal government needs the money. Its deficit in 2024 ...
Tariffs have made headlines in recent days with higher duties in the works for Mexico, Canada and China. How does Arizona fit ...
Trump's tariffs on Canada, Mexico and China suggest he is willing to risk a global trade war. The main thing that could stop ...
When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and ...
China countered President Donald Trump’s across-the-board tariffs on Chinese products with tariffs on select U.S. imports ...
President Donald Trump's move to impose or threaten massive tariffs against China, Mexico, Canada and the European Union ...
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