The U.S. imported $1.2 trillion more in goods in 2024 than it exported, a record annual deficit and a major economic irritant for President Trump. On Feb. 13, the president announced that his ...

A trade balance is not a complicated concept; it’s simply the difference between what a nation exports—both goods and ...

The U.S. current account deficit contracted in the fourth quarter, but the improvement could be temporary as goods imports ...

(Bloomberg) -- The US trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on America’s largest trading ...

Before we get into the data, a quick reminder: Having a trade deficit with another country means the US imports more goods and services from the country than the US exports. Though Trump often ...

The US trade deficit reached a record high in January, a sign that businesses were scrambling to secure goods from overseas before President Donald Trump’s threatened tariffs went into effect.

One of Trump’s goals is to boost domestic production, but the US trade deficit with the rest of the world is a result of broader factors powering the US economy. These include the dollar’s ...

It is when a country imports more from another country than it sells to it in exports. So the US has a big trade deficit in ...

WASHINGTON (Reuters) - The U.S. trade deficit widened to a record high in January amid front-loading of imports ahead of tariffs, suggesting that trade could be a drag on economic growth in the ...

US President Donald Trump imposed tariffs on several countries to address America’s growing trade deficit. The US is the world’s largest economy, but it also has the highest trade deficit.

Now, the Department of Commerce has published full-year 2024 figures that allow us to say precisely how far off. Before we get into the data, a quick reminder: Having a trade deficit with another ...