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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 ...
8h
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 ...
Politico Europe
59m
Where are the pain points of a transatlantic trade war?
Trump calls the EU an “atrocity” for running a huge trade surplus with the U.S., but that largely overlooks America’s massive ...
11h
Trump's US trade negotiator choice vows hardline policies
Jamieson Greer promised to pursue Trump's hardline trade policies in testimony Wednesday before the Senate Finance Committee.
The Express Tribune on MSN
2d
Trade gap hits $2.3b as imports stay high
As a result, the seven-month trade deficit came in at $13.5 billion, up 3%, or $372 million. For a country having a little ...
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 ...
1d
on MSN
China Files at WTO Over Trump’s 10% Tariffs, Calling for Talks
China sought talks with the US at the World Trade Organization after President Donald Trump cited a national emergency and ...
GB News on MSN
1d
Blow to Trump as US imports surge to record high amid backlash to tariff threat
US imports surged to an unprecedented high in December, as American companies rushed to bring in goods amid President Donald ...
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