The US trade deficit grew 25% in December, taking the 2024 shortfall to $918.42 billion, government data showed Wednesday. The goods and services deficit reached $98.43 billion in December, the Census ...

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The Commerce Department report also showed the United States ran record bilateral trade deficits with Mexico, Vietnam, India, Taiwan, South Korea and the 27-nation European Union.

The U.S. trade deficit hit near-record levels in late 2024 as America's trading partners prepare to navigate Trump's tariffs.