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U.S. trade deficit hits 2nd highest level ever
US Trade Deficit Widens Significantly Ahead of Trump Tariffs
The U.S. trade deficit hit near-record levels in late 2024 as America's trading partners prepare to navigate Trump's tariffs.
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
Overall U.S. exports to the world grew to $3.19 trillion in 2024, up 3.9 percent from the previous year, as the United States sold chips, computers, aircraft and business services to the world, but fewer cars and car parts.
U.S. trade deficit hits second highest level ever as Trump weighs more tariffs
The trade deficit surged in December and the U.S. finished 2024 with the second largest gap ever, perhaps in part because some businesses sought to bring in more imports before President Trump raised tariffs.
Record high imports sharply widen US trade deficit in December
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 metals and computers.
U.S. Trade Deficit Spikes To Over Two-Year High In December
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in December, as imports
U.S. trade deficit hits second-highest level ever
The trade deficit surged in December and the U.S. finished 2024 with the second largest gap ever, perhaps in part because some businesses sought to bring in more imports before President Trump raised tariffs.
U.S. trade deficit widens more than expected in December
The U.S.'s international trade in goods and services deficit jumped to $98.4B M/M in December, vs. slightly larger than the $96.5B shortfall expected, from $78.9B in the previous month (revised from $78.
5h
on MSN
Republicans stare down massive deficits to extend Trump tax cuts
Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their ...
10d
on MSN
Bill Gates says Elon Musk's DOGE could be 'valuable' and that the federal deficit needed to be 'brought down'
Bill Gates said the federal deficit "needs to be brought down" when asked about DOGE during a recent interview.
7d
on MSN
The US stock market does better under Democrat presidents than Republicans – here’s what the data shows
A dip into historical data shows that the stock market has responded differently under Republican and Democrat presidents.
1d
Trump’s sovereign wealth fund: Will it reshape US economy or just buy TikTok?
Donald Trump has set in motion plans for a US sovereign wealth fund, aiming to leverage government-owned assets for national ...
KSL
1d
Trump orders creation of US sovereign wealth fund, says it could buy TikTok
President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next ...
Jacobin on MSN
8d
Tariffs Are a Costly Nonsolution to the US’s Social Crisis
Donald Trump has touted his planned tariffs as a way of protecting American workers. They’ll do little to reverse industrial ...
Cyprus Mail on MSN
2d
Musk plans to shut down USAID, hopes to cut $1 trillion from the US deficit by next year
Billionaire Elon Musk, who is heading U.S. President Donald Trump’s efforts to shrink the federal government, gave an update on the effort early Monday, saying they are working to shut down the US ...
West Virginia MetroNews
6d
Governor, Senate president and House speaker say they’ll work together on budget challenge
During his first week in office, Morrisey said his administration projects a deficit of about $400 million for the coming ...
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