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Record high imports sharply widen US trade deficit
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.
Record high imports pressure US trade deficit
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats, which might have prompted businesses to rush purchases of foreign-made goods like finished metals and computers.
Trump detests the U.S. trade deficit. Here's what it means.
President Donald Trump has repeatedly criticized the nation’s trade deficit, which the Commerce Department reported Wednesday reached a new record high.
1d
2024 Trade Tops $5 Trillion, Exports Top $2 Trillion, Imports Above $3 Trillion
Along with $2 trillion in U.S. exports and $3 trillion in imports, the U.S. trade deficit with the world topped $1 trillion ...
14h
Trump's trade chief nominee Greer says universal tariff needs more study
Jamieson Greer, President Donald Trump's nominee for U.S. trade representative, said on Thursday that a universal tariff ...
1d
Tariffs and trade: How Arizona fits into the commerce linking Mexico, Canada, others
Tariffs have made headlines in recent days with higher duties in the works for Mexico, Canada and China. How does Arizona fit ...
3d
Trump’s Trade War Threatens The Global Economy And Markets
Trump's tariffs on Canada, Mexico and China suggest he is willing to risk a global trade war. The main thing that could stop ...
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