Economists Say America’s Trade Deficits Aren’t a Sign of Weakness
Apr 9, 2025 · The U.S. trade deficit—the gap between what it sells and what it buys from foreign countries—hit a record $945 billion in 2022 as the American economy roared back from COVID-19 lockdowns.
Record high imports pressure US trade deficit | Reuters
Feb 5, 2025 · 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...
Trade deficit widens by record margin - kpmg.com
Mar 6, 2025 · The US trade deficit widened to $131.4 billion in January, a 34% increase from December, the largest deficit reading on record by a wide margin. That $33 billion increase dwarfs the second highest increase of $15 billion in March 2022.
Trump’s nemesis, the US trade deficit, hit record high in 2024
Feb 5, 2025 · U.S. goods imports in 2024 totaled $3.3 trillion, a record high, while exports were nearly $2.1 trillion, producing a 14 percent jump in the trade gap to $1.2 trillion. The United States still...
US Trade Deficit Widens Significantly Ahead of Trump Tariffs
Surpassing consensus forecasts, the nation's trade balance—the difference in dollar amounts between exports and imports of goods and services—reached a deficit of $98.4 billion in December, its...
US trade deficit widens sharply due to record high imports in Dec
Feb 5, 2025 · The trade deficit swelled 17.0 per cent to $918.4 billion in 2024, the largest since 2021. Imports increased 3.5 per cent to an all-time high of $364.9 billion. Goods imports soared 4.0 per cent to $293.1 billion.
Record US goods trade deficit seen cutting into fourth-quarter …
Jan 29, 2025 · WASHINGTON (Reuters) -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...
US trade deficit widens sharply in December as imports hit …
Feb 5, 2025 · US trade deficit widens sharply in December as imports hit record high. (Image: Getty) The trade gap increased 24.7% to $98.4 billion, the highest since March 2022, from a revised $78.9...
Possibility of Trump tariffs sparks widening US trade deficit - USA …
Nov 5, 2024 · Republican candidate Donald Trump has promised to impose a 60% tariff on Chinese goods and at least a 10% levy on all other imports if he wins Tuesday's presidential election. Trump is locked in...
US goods trade deficit widens sharply in January | Reuters
Feb 28, 2025 · The U.S. trade deficit in goods widened sharply in January, most likely as businesses front-loaded imports ahead of tariffs, potentially positioning trade to be a drag on economic growth in the...