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Trump’s tariffs were supposed to shrink the trade deficit. It hit a record $1.24 trillion
New Commerce Department data shows the US goods trade deficit hit a record despite sweeping tariffs, undercutting the central promise of Trump's economic agenda ...
The Trump administration has called the trade deficit a “national emergency,” but economists say it’s actually a sign of a resilient American economy.
BERLIN, Oct 30 (Reuters) - United States President Donald Trump's economic agenda has delivered robust growth and strong ...
Economists have been vindicated in their prediction that tariffs would hardly affect the overall balance of trade.
The U.S. goods trade deficit widened to $118.8 billion in July, up $17.4 billion from $101.4 billion in June, the Census Bureau reported Thursday. The reading represented the widest monthly goods ...
The U.S. trade deficit widened 13.7% to $105.6 billion in August, its largest level since March 2025 and above economists’ expectations. Imports rose 4.3% to a record $420.8 billion, fueled by ...
WASHINGTON, July 7 (Reuters) - The U.S. trade deficit widened sharply in May as imports of capital goods surged to a record high, suggesting that trade remained a drag on gross domestic product in the ...
WASHINGTON -- After 20 months in office and with the midterm elections approaching, President Donald Trump is at pains to demonstrate his administration's economic wins. But one metric he has ...
WASHINGTON, Sept 30 (Reuters) - The US trade deficit in goods widened sharply in August amid a surge in imports, suggesting that trade could remain a drag economic growth in the third quarter. The ...
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