The U.S. trade deficit shrank to an almost three-year low in August, reflecting a pullback in American demand for foreign merchandise and a pickup in goods shipments overseas. The deficit ...
America's trade deficit with other nations hit a fresh record last year, according to new data released Wednesday, in the midst of President Donald Trump's aggressive campaign to close the gap ...
The Commerce Department report also showed the United States ran record bilateral trade deficits with Mexico, Vietnam, India, Taiwan, South Korea and the 27-nation European Union. The EU data ...
The US trade deficit widened sharply at the end of 2024 on a surge in imports prior to the start of Donald Trump’s second term as president and his follow-through on the promise of sweeping ...
According to the data, the overall deficit in the balance of payments – also known as the external balance – stood at $384 million in July-December of FY25, a sharp decline from $3.45 billion in the ...
Trump also announced alongside the Japanese prime minister that Nippon Steel was dropping its $14.1 billion acquisition of ...
The 2024 deficit was a record $1.2 trillion, marking the fourth consecutive trade deficit above $1 trillion and the sixth ...
In 2024, the overall U.S. trade deficit grew to $918.4 billion, widening 17% from 2023 as imports ballooned more than exports ...