Latest in Trump Prepares to Take On the US Trade Deficit, a Familiar Nemesis
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U.S. Trade Deficit Hit Record in 2024 as Imports Surged
A strong dollar helped drive an uptick in U.S. imports last year, while export growth remained modest.The New York Times - 4h -
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 - 4h -
Trade deficits are a distraction — focus instead on the debt
Broad-based increases in tariff barriers to reduce the trade deficit will be ineffectual, counterproductive and ultimately pointless.The Hill - 3h -
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 - 8h -
US allies, adversaries reject Trump suggestion to 'take over' Gaza Strip
Both U.S. allies and adversaries alike rejected President Trump’s suggestion that the U.S. “take over” the war-torn Gaza Strip and turn it into the “Riviera of the Middle East.” Trump floated the ...The Hill - 10h -
Trump says US will 'take over' Gaza: 'We'll own it'
He said the U.S. would "level the site" and create "an economic development."ABC News - 10h -
World leaders react to Trump's proposal for US to 'take over' Gaza
After President Donald Trump proposed the United States take over the Gaza Strip to turn it into "the riviera" of the region, leaders in the Middle East are reacting with shock. NBC’s Richard Engel ...NBC News - 10h -
Trump wants US to 'take over' Gaza, make it 'riviera of Middle East'
At a joint news conference with Israeli Prime Minister Benjamin Netanyahu Tuesday, President Donald Trump proposed a plan in which the United States would "take over" the Gaza Strip and make it ...NBC News - 10h -
FirstFT: Trump calls for US to ‘take over’ Gaza and 2.2mn to be resettled
Also in today’s newsletter, EU’s ‘bazooka’ against Trump’s tariff threat and Alphabet shares dropFinancial Times - 11h -
Trump says US will ‘take over’ Gaza Strip
Saudi Arabia pushes back on president’s plan to resettle PalestiniansFinancial Times - 16h -
Watch: The moment when Trump says US could 'take over' Gaza
The president proposes that Palestinians could be resettled while the US redevelops the war-torn territory.BBC News - 21h -
Trump floats US taking over Gaza Strip
President Trump on Tuesday floated the idea of the U.S. taking over the Gaza Strip, saying America should be responsible for clearing the territory of rubble and unexploded bombs and proposing an ...The Hill - 22h -
Trump pulls US back from brink of trade war with Mexico and Canada
US president set to talk to China’s Xi Jinping in coming days as threatened tariffs on Beijing loomFinancial Times - 1d -
Turmoil as Trump and Musk take aim at top US aid agency
America's top diplomat Marco Rubio says he is now the acting head of the agency that distributes billions of dollars in aid around the world.BBC News - 2d -
Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
President Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped fuel the explosive growth of budget online retailers, including Temu and Shein.NBC News - 2d -
The tomato tariff? US consumers set to pay price of Trump’s trade war
Fruit, tequila and even cars could be more expensive as a result of the president’s decisionFinancial Times - 2d -
Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
President Donald Trump's tariffs against China, Canada and Mexico target a trade provision that helped spur the rise of low-cost retailers, including Temu and Shein.CNBC - 2d -
‘A trade war on steroids’: Trump ushers in new age of US protectionism
President bets he can achieve his aims through tariffs without igniting inflation or a sell-off in American stocksFinancial Times - 4d -
UK to rely on skewed US trade figures to skirt Trump tariffs
Long-standing statistical quirk means both sides report a trade surplus with the otherFinancial Times - 4d -
Biggest US trading allies brace for a ‘game of chicken’ with Trump’s tariffs
Canada and Mexico draw up plans to mitigate effect of duties Trump has threatened, possibly sparking a trade war. Trump’s tariffs explained America’s two biggest trading partners are bracing ...The Guardian - 6d -
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 -
Where Is President Trump Taking Us?
Trump has returned to office fully equipped to push the national government in a radically new direction.The New York Times - Jan. 28 -
Trump pushes India to buy more US weapons in trade rebalancing
US president says Narendra Modi is expected to visit White House next monthFinancial Times - Jan. 28 -
Trump sparks race for trade deals to counter US tariffs
Nations turn to tactic used in US president’s first term when more bilateral agreements were signedFinancial Times - Jan. 27 -
Trump ridicules Denmark and insists US will take Greenland
‘They put two extra dog sleds there . . . they thought that was protection,’ says US presidentFinancial Times - Jan. 26 -
Japan's leader preparing for tough negotiations with Trump on maintaining US presence
Japanese Prime Minister Shigeru Ishiba, struggling to stabilize his minority government, says he will seek to maintain regional security and prepare for tough negotiations with U.S. President ...ABC News - Jan. 24 -
Why is TikTok working again in the US as Trump takes office?
App has resumed operations after saying it received assurance over de facto ban, but its future remains uncertain. Donald Trump inauguration – live updates TikTok is restoring its service in ...The Guardian - Jan. 20 -
What to know as Trump prepares to take office again
President-elect Donald Trump will be sworn in Monday to once again take control of the White House. CBS News political reporter Olivia Rinaldi reports on what to expect from Trump's inaugural ...CBS News - Jan. 20 -
Chicago migrant community prepares for possible ICE raids after Trump takes office
Local leaders and immigrant rights groups in Chicago met Saturday morning in the Pilsen neighborhood to make sure the community is prepared.CBS News - Jan. 18 -
Live updates: Protestors descend on Washington as US prepares for Trump inauguration
Inauguration festivities will begin in full force Saturday as President-elect Trump and his allies — and protesters — arrive in Washington ahead of Monday's inauguration of the 47th president of ...The Hill - Jan. 18 -
US budget deficit to hit $1.9 trillion in 2025: CBO
The Congressional Budget Office (CBO) projected Friday that the federal budget deficit would hit $1.9 trillion in fiscal 2025. The nonpartisan budget scorekeeper estimated that federal spending ...The Hill - Jan. 17 -
Starmer touts relationship with Trump as he seeks US-UK trade deal
Interview: PM says tariffs ‘aren’t in anybody’s interests’ ahead of president-elect’s inauguration on MondayFinancial Times - Jan. 17 -
The Tech Industry Is Preparing for Trump 2.0 by Not Preparing
Big tech helped Trump win the election, but will small-medium tech reap the benefits?Inc. - Jan. 16 -
China’s $1 Trillion Trade Surplus: What to Know as Trump Takes Office
Only a third of China’s trade surplus was with the United States, and only a third of the U.S. deficit was with China. That makes for tricky math for the president-elect.The New York Times - Jan. 14 -
News Outlets Take Unusual Steps to Prepare for Onslaught From Trump
Media organizations are preparing for what they fear will be a legal and political onslaught from the new administration.The New York Times - Jan. 13 -
Trump’s trade coercion will harm the US and its allies
Greenland gambit suggests the country is now a threat to as much as a guarantor of securityFinancial Times - Jan. 13 -
Blinken says Trump's push for US to take control of Greenland is 'not going to happen'
Outgoing U.S. Secretary of State Antony Blinken is advising the world not to waste a lot of time on what President-elect Donald Trump has been saying about GreenlandABC News - Jan. 8 -
Trump Raises Using Military or Economic Force to Take Greenland and the Panama Canal
In an hourlong news conference at his Florida club, Mar-a-Lago, the president-elect delivered a hodgepodge of grievances, complaints and false claims.The New York Times - Jan. 8 -
Trump refuses to rule out using military to take Panama Canal and Greenland
Remarks likely to set off alarm bells around the world as Trump prepares to return to the White House this month. Donald Trump is refusing to rule out using American military force to retake ...The Guardian - Jan. 7 -
Trump confronts high trade deficits again as he weighs tariffs. But there’s no quick fix.
The U.S. trade deficit rose 6% to nearly $80 billion near the end of 2024, leaving Donald Trump with a gap that’s almost twice as high as when he first took office as president eight years ago.MarketWatch - Jan. 7