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.
President Donald Trump has made reducing the trade deficit a central part of his "American First Trade Policy." Here's what ...
WASHINGTON (Reuters) -U.S. President Donald Trump welcomed Japanese Prime Minister Shigeru Ishiba at the White House on ...
The 2024 deficit was a record $1.2 trillion, marking the fourth consecutive trade deficit above $1 trillion and the sixth ...
Broad-based increases in tariff barriers to reduce the trade deficit will be ineffectual, counterproductive and ultimately ...
Countries with democratic governments and mostly free economies should come together and create a new trade regime, based on ...
Along with $2 trillion in U.S. exports and $3 trillion in imports, the U.S. trade deficit with the world topped $1 trillion ...
EUR/USD struggles to gain traction and trades below 1.0400 on Friday. Investors adopt a cautious stance ahead of the ...
Robert Lighthizer, who was the U.S. trade representative in President Trump's first administration, says China poses an ...
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