Latest in U.S. trade deficit hits second highest level ever as Trump weighs more tariffs
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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 - 54m -
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 - 55m -
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 -
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 -
Laptops Likely to Cost More Due to U.S. Tariffs on Chinese Imports
It’s not just electronics. Toys, fast fashion, home supplies and car parts could get pricier, too.Inc. - 2h -
Wednesday Briefing: China Hits Back Against U.S. Tariffs
Plus, the women reinventing Sri Lankan politics.The New York Times - 22h -
One Response to Trump’s Tariffs: Trade That Excludes the U.S.
A growing number of countries, including American allies, are striking trade deals as the Trump administration erects a higher fence around its global commerce.The New York Times - 22h -
Weighing the Fallout From Trump’s Looming Trade War
Business groups, economists and even some Republicans cautioned that new tariffs on goods from Canada, Mexico and China could undercut U.S. industry and the economy.The New York Times - 2d -
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 -
Trump’s astonishingly wrongheaded notions about trade and tariffs
President Trump's obsession with the U.S. trade deficit is misplaced, as trade balances don't matter and tariffs are a tax increase on U.S. businesses, which could lead to higher prices and ...The Hill - 1d -
China hits back with limited response to Trump’s tariffs
Beijing targets energy and Google after US brings in extra 10% levy on Chinese importsFinancial Times - 1d -
Trade war looms after Beijing retaliates against U.S. with tariffs
The United States and China appeared to be inching closer to a trade war after Beijing revealed it would be retaliating against Washington with tariffs of its own on American goods. NBC News’ Janis ...NBC News - 1d -
China hits back at Trump with new tariff on U.S. products
China retaliated immediately on Tuesday as a 10% U.S. tariff on Chinese goods went into effect, announcing its own levies of 10% to 15% on some U.S. products.NBC News - 1d -
Trump Urges Trading Ukraine’s Rare Earth Minerals for More U.S. Aid
Ukraine has already emphasized that by supporting its war effort, the U.S. could get access to the country’s wealth of critical minerals like lithium and uranium.The New York Times - 1d -
How could Trump's tariffs impact trade at the U.S.-Mexico border?
President Trump has announced a month-long pause on tariffs against Mexico. CBS News' Jason Allen is in Laredo, Texas, with a look at the transport routes across the southern border.CBS News - 1d -
Trump Will Hit Mexico, Canada and China With Tariffs
The White House said it would move forward with levies on America’s largest trading partners on Saturday.The New York Times - 2d -
Dow futures drop more than 650 points after Trump hits U.S. trading partners with tariffs
Stock futures tumbled early Monday as investors weighed new U.S. tariffs on goods from key trade partners and their potential impact on the economy and profits.NBC News - 2d -
Trump’s former trade chief on how tariffs affect the economy, why he says the U.S. needs them
Economists say tariffs can increase prices for consumers, but Robert Lighthizer, President Trump’s former trade chief, argues they’re necessary.CBS News - 2d -
U.S. stock futures plummet after Trump hits U.S. trading partners with tariffs
Stock futures tumbled Sunday night to kick off a new trading month, as investors weighed new U.S. tariffs on goods from key trade partners and their potential impact on the economy and corporate ...NBC News - 2d -
Trump to hit Canada, Mexico and China with tariffs
Canadian oil will be hit with a lower levy of 10%, likely by mid-February, President Trump says.BBC News - 4d -
Tariff shock ahead? This is the trade to make before the weekend headlines hit.
Investors aren’t sure if President Trump will formally apply import penalties or notMarketWatch - 5d -
Lay's recall upgraded to highest risk level
The Food and Drug Administration (FDA) says a previously announced recall of certain bags of Lay's potato chips in Oregon and Washington now falls into “Class I” status, its highest risk level. The ...The Hill - Jan. 29 -
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 -
Store closures hit highest level since pandemic — see who is shutting down the most locations
Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry ...NBC News - Jan. 23 -
Store closures hit highest level since pandemic — see who is shutting down the most locations
The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.CNBC - Jan. 23 -
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 -
Trump administration weighs sending 10,000 troops to U.S.-Mexico border
Trump administration officials are considering deploying as many as 10,000 soldiers to the border and using military bases to hold migrants awaiting deportation.CBS News - Jan. 22 -
Oil ends at a nearly 2-week low as traders weigh Trump tariff threats, energy policy
Oil futures ended Wednesday at their lowest in almost two weeks, with U.S. benchmark prices notching a fourth straight session decline as investors weighed the potential impact of President Donald ...MarketWatch - Jan. 22 -
U.S. crude oil falls as Trump weighs tariffs, aims to boost energy production
Oil prices are down as Trump moves to implement his trade and energy agenda.CNBC - Jan. 21 -
Trump tariff threats fuel frontloading of trade shipments into U.S., led by China
Companies are expediting cargo shipments into the U.S. ahead of new tariffs from President-elect Trump, with Chinese trade the biggest on the move.CNBC - Jan. 17 -
Planet-warming gas levels rose more than ever in 2024
The record rise is incompatible with keeping global warming to 1.5C according to the Met Office.BBC News - Jan. 17 -
Trump tariffs on Canada could jeopardize oil and gas exports to U.S., says trade chief
President-elect Donald Trump's threatened tariffs could prompt Canada to pursue dollar-to-dollar retaliation or an export tax on oil and gas bound for the U.S.CNBC - Jan. 16 -
Luxury goods groups drive European stocks to highest level in a month
LVMH and Hermès push up Cac 40 after Richemont’s better than expected salesFinancial Times - Jan. 16 -
UBS’s stock hit its highest level in 16 years. The good news is the bank is about to get fined hundreds of millions of dollars.
UBS stock reached a new 16-year high after the Wall Street Journal said the bank is about to get fined hundreds of millions of dollars.MarketWatch - Jan. 9 -
UK 10-year borrowing costs hit highest level since 2008
Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rulesFinancial Times - Jan. 8 -
Mortgage rates hit highest level since July, crushing application demand
Total mortgage application volume dropped 3.7% compared with the previous week.CNBC - Jan. 8 -
Oil futures settle at their highest level since October
Oil futures finished higher on Tuesday, shaking off their losses from a day earlier to resume the rally they started the year with and buoyed by expectations for stronger demand.MarketWatch - Jan. 7 -
UK long-term borrowing costs hit highest level since 1998
Rising interest costs raise fears about chancellor’s ability to hit revised fiscal rulesFinancial Times - 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 -
30-year Treasury yield ends at highest since November 2023 after report of Trump tariff plans
Yields on U.S. government debt finished mostly higher on Monday as traders focused on a report about President-elect Donald Trump’s plans for applying tariffs.MarketWatch - Jan. 6