U.S. Trade Deficit Hit Record in 2024 as Imports Surged

• China and Mexico ran the biggest trade deficits with the U.S. in 2024. What about Canada?

  The U.S. ended 2024 with the second-largest trade deficit on record — and China and Mexico were the countries that benefited most from sending goods to America. Canada? Not so much.
  
  MarketWatch - 1h

• 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 ...
  
  MarketWatch - 5h

• FIFA: Women's transfers hit record $15m in 2024

  A record $15.6 million was spent on international women's football transfers in 2024 according to the latest FIFA report, more than doubling the previous mark set in 2023.
  
  ESPN - 5d

• U.S. trade deficit in goods hits record high just before Trump took office. It won’t be easy to reduce them.

  The U.S. posted a record trade deficit in good in 2024, spotlighting what is likely to be running sore spot under the second administration of President Trump.
  
  MarketWatch - Jan. 29
• 

  U.S. Firms in China Fearing Trade Turmoil Hit a 5-Year High

  An American Chamber of Commerce in China Survey shows growing worries about Sino-American relations and how their businesses could be affected.
  
  Inc. - Jan. 23
• 

  EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024

  DETROIT — Sales of all-electric vehicles and hybrid models reached 20% of new car and truck sales in the U.S. for the first time last year — marking a landmark year for “green” vehicles but coming ...
  
  NBC News - Jan. 16

• U.S. budget deficit swells to record $711 billion in first quarter of fiscal year

  The U.S. federal budget deficit widened to a record $711 billion in the first three months of the fiscal year, up from $510 billion in the same period last year, an increase of 39%, the Treasury ...
  
  MarketWatch - Jan. 14

• China’s trade surplus hits annual record of almost $1tn

  Rise in exports expected to increase tensions with US and other trade partners
  
  Financial Times - Jan. 13
• 

  U.S. Efforts to Cut Emissions Stalled in 2024 as Power Demand Surged

  After staying flat for nearly two decades, electricity use is starting to rise again, and the boom in wind and solar power hasn’t kept pace.
  
  The New York Times - Jan. 9

More from The New York Times

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  As Big Retailers Pull Back on D.E.I, What Happens to Emerging Black Sellers?

  Black-owned brands got a foot in the door through accelerator programs at companies like Target and Amazon. Now they worry it might be closing.
  
  The New York Times - 12h
• 

  Trump Prepares to Take On the US Trade Deficit, a Familiar Nemesis

  The trade deficit has long drawn the president’s ire. Now, he’s preparing to take it on again.
  
  The New York Times - 1h
• 

  USPS Reverses Decision to Halt Parcel Service From China

  The Postal Service will continue to accept parcels from Hong Kong and China despite a new executive order that will require greater inspection of packages.
  
  The New York Times - 6h
• 

  Honda and Nissan Merger Talks in Peril

  Two of Japan’s largest automakers have been in talks to combine their operations to form one of the world’s biggest car groups.
  
  The New York Times - 1h
• 

  Trump Wants to Know Why U.S. Cars Are Rare in Germany. Here Are a Few Reasons.

  German cars are popular in the United States, but U.S. cars are not as prevalent on German roads. One reason: tiny European streets and parking spots.
  
  The New York Times - 1d

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  The largest impact on vehicles is on Ford Motor's Lincoln Nautilus and General Motors' Buick Envision.
  
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• 

  House Dems Raise Alarm Over DOGE’s Access to SBA Systems, Fearing Musk Could ‘Target Entrepreneurs’

  The Small Business Administration is the latest agency to be targeted. But the Democrats are pushing back. Could key business programs be at stake?
  
  Inc. - 18m

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  If you've filed your tax return and you're eager for your refund, here's how to check the status of your payment. Find out when to expect your refund.
  
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• Amazon announces hardware event for Feb. 26 as it races to release new Alexa

  A company spokesperson confirmed the event will include updates from its Alexa team.
  
  CNBC - 22m