The US trade deficit unexpectedly narrowed in October to the smallest since 2009 on a sharp pullback in imports, notably pharmaceuticals.
China's overall exports jumped 5.8% in June in U.S. dollar terms from a year earlier. Imports grew 1.1% from a year earlier, rising the first time this year. Its exports to the U.S. plunged 16.1%, ...
The U.S. ice cream trade surplus largely diminished in 2021 under former President Joe Biden and turned to a deficit in 2022. The change was driven mostly by a jump in imports, primarily from Italy.
If you bought a nice, imported bottle of wine recently, there’s a better than 90% chance it entered the United States only after the importer paid a tariff, probably about 15%. That six-pack of ...
The U.S. trade deficit with the world will set a record in 2025, which will be the fourth record in Trump’s five years in office, according to my analysis of U.S. Census Bureau data. It will surpass ...