Trump, trade deficit

U.S. trade deficit in goods hits record high just before Trump took office. It won’t be easy to reduce them.
The U.S. posted a record trade deficit in good in 2024, spotlighting what is likely to be running sore spot under the second administration of President Trump.
Record US goods trade deficit seen cutting into fourth-quarter GDP growth
The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods in anticipation of broad tariffs from President Donald Trump's new administration.
Driven by trade deficits and security concerns, Trump eyes 25% tariffs on Canada and Mexico
President Trump plans to impose 25% tariffs on imports from Canada and Mexico, citing trade deficits, illegal immigration, and drug concerns, risking consumer price hikes.
US merchandise-trade deficit widens to record ahead of Trump
The US merchandise-trade deficit widened in December to a record as the value of imports increased, highlighting a key issue that President Donald Trump aims to rectify in his second term.
Trump’s fixation on trade deficits retakes centre stage in U.S. economic policy
Economists think this is the result of large federal government deficits, a productive and rapidly growing economy and the U.S. dollar’s status as the world’s reserve currency
Japan’s exports hit record high, but trade deficit continues
TOKYO (AP) — Japan saw record-high exports last year, as its annual trade deficit declined 44% from the previous year, the Finance Ministry reported Thursday.
Imports boost US goods trade deficit to record high as tariffs loom
The deterioration in the goods trade deficit reported by the Commerce Department on Wednesday raises the risk of a sharper slowdown in gross domestic product growth in the fourth quarter than economists had anticipated.
Fact check: Trump makes false claims about trade with Canada and Europe in remarks to Davos
President Donald Trump repeated false claims about the US trade relationship with Canada and Europe in virtual Thursday ...
U.S. Trade Deficit Jumps in December As Businesses Stockpile Goods
The U.S. trade deficit in goods grew 18% to $122.1 billion in December, according to advance data from the Census Bureau, up $18.6 billion from November. The increase was driven by a surge in ...
It’s ‘Too Close To Call’ When Predicting Total Trade, Export, Imports Records For 2024
Just weeks into the second term of President Trump, amid a flurry of tariff threats and free trade agreement reappraisals, ...
Tariffs: Trump on the road to a trade war with Canada, Mexico and China
The introduction of 25% tariffs against its neighbors and 10% against Beijing, effective February 1, has been confirmed by ...
Brazil could be collateral damage in Trump trade war
Few countries have been hit harder by the soaring dollar and U.S. bond yields than Brazil. But the country has one thing ...
China’s Top 10 Imports Before The Trade War And The Near-Shoring Myth
As President Trump entered his second term, the trade war he started with China and which former President Biden kept in place suggests taming the deficit to ...
Daily Sabah1d
Türkiye's foreign trade gap shrinks by 22.7% in 2024
Türkiye’s foreign trade deficit narrowed by 22.7% from a year ago in 2024, official data showed on Friday, as exports surged ...
Yonhap News Agency11h
(LEAD) S. Korea's exports down 10.3 pct on-year in Jan. to log first trade deficit in 20 months
Petroleum and petrochemical product shipments slid 29.8 percent to $3.4 billion due to lower crude prices and a fire at a ...