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.
Australia's surplus on trade goods narrowed sharply in December as a surge in imports of capital equipment outweighed gains ...
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.
Nigeria Customs Service has imposed a four percent charge on the Free On-Board has already raised concerns among businesses ...
A bipartisan bill was approved today to prevent tuna that gets imported into the U.S. from being mislabeled as high-quality ...
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A sweeping new U.S. tariff on products made in China is expected to increase the prices American consumers pay for a wide ...
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