Latest in Trade Deficits China
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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 - 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 - 13h -
U.S. ran the biggest trade deficits with China and Mexico 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 - 7h -
What are the risks of a U.S.-China trade war, and can conflict be averted?
The world's two biggest economies are on the brink of an economically destructive trade war. Here's what experts think could happen next.CBS News - 12h -
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 - 12h -
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 - 17h -
Can Trump win a trade war with China?
The economic battle between the world's two biggest economies has escalatedBBC News - 1d -
Farmer fears new tariffs after impacts of 2018 trade war with China
Among the first Americans to feel the effects of the last trade war with China were farmers. While China's latest round of retaliatory actions does not target agriculture, some are preparing for ...CBS News - 1d -
U.S. benchmark oil prices end lower as China trade dispute fuels demand concerns
U.S. oil prices on Tuesday gave back most of their gains from a day earlier after the U.S. implemented an additional 10% tariff on Chinese imports and Beijing retaliated with measures of its own, ...MarketWatch - 1d -
Warren 'concerned' Trump 'stumbling into a trade war' with China tariffs
Sen. Elizabeth Warren (D-Mass.) expressed concern that President Trump is “stumbling into a trade war” by imposing additional tariffs on China and accused him of holding up “critical” bipartisan ...The Hill - 1d -
Tariffs may help balance trade with China, former Trump trade chief says
Former Trump trade negotiator Robert Lighthizer says tariffs may help reset trade relationship with China.CBS News - 3d -
Trump's former trade chief says China is a threat, tariffs are necessary
Economists say tariffs can increase prices for consumers, but Robert Lighthizer, President Trump's former trade chief, argues they're necessary.CBS News - 3d -
Trump launches trade war on Canada, Mexico and China, provoking retaliation
President Trump announced new tariffs on imports from Canada, Mexico and Canada Friday afternoon, opening up the first fronts in a trade war that could soon engulf numerous U.S. trade partners, ...MarketWatch - 3d -
Trump enacts tariffs on America's largest trading partners, China, Mexico and Canada
President Trump, as he threatened, has enacted tariffs of 25% on imports from Mexico and Canada, along with an additional 10% tariff on goods from China. Energy imports from Canada, however, will ...CBS News - 4d -
Trump’s tariffs on Canada, Mexico and China: will they spark a trade war?
As the US president imposes import taxes on three key trading partners, we examine potential repercussions. Donald Trump has vowed to impose sweeping tariffs on imports from Canada, Mexico and ...The Guardian - 4d -
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 -
House pair introduces bill to end China's preferred trade status
Legislation to revoke China’s Permanent Normal Trade Relations was introduced Thursday by a pair of bipartisan House lawmakers, building on a Republican effort last year to repeal Beijing’s ...The Hill - Jan. 23 -
China says it hopes to 'properly manage differences' with the U.S. on trade
China is emphasizing its willingness to negotiate as increased tariffs on exports to the United States may soon become a reality.CNBC - Jan. 23 -
China sees room to avert trade war with Trump despite tariff threat
New US president hints at potential agreement linking TikTok ownership with tariffsFinancial Times - Jan. 22 -
Trump trade battles could spike food prices, help China: former Mexico trade chief
Trade battles being threatened by President Trump would spike food prices, help China and risk key U.S. economic relationships, Mexico's former trade chief said Monday “I say bring it on," Kenneth ...The Hill - Jan. 21 -
China calls for 'win-win' solution to US trade tensions
With the threat of a trade war looming, China's first vice premier says the country wants to boost imports.BBC News - Jan. 21 -
Trade war has no winners, China's vice premier warns, as Trump threatens tariffs
Chinese Vice Premier Ding Xuexiang warned of "no winners" in a trade war during a speech Tuesday during the World Economic Forum in Davos, Switzerland.CNBC - Jan. 21 -
From GDP to trade, how well equipped is China’s economy for Trump 2.0? | Amy Hawkins
Beijing has prepared for increased tariffs but its actions will not be enough to offset falling demand from the US. When Donald Trump enters the White House for the second time on 20 January, the ...The Guardian - Jan. 19 -
Labour is right to forge more trade links with China – not doing so would be folly | Kerry Brown
From a ‘golden era’ to post-pandemic mistrust, the UK has had a turbulent relationship with the world’s second-largest economy. Kerry Brown is director of the Lau China Institute, King’s College ...The Guardian - Jan. 18 -
Trump and China's Xi discuss TikTok, trade, fentanyl, president-elect says
Xi after the call said that he and Trump both expressed hope for greater progress in U.S.-China relations, Reuters reported, citing the Chinese state media.CNBC - Jan. 17 -
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 -
Trump says he had ‘good’ call with China’s Xi about TikTok and trade
World leaders also reportedly discussed Taiwan and fentanyl in first direct contact since 2021. China’s president, Xi Jinping , has spoken to the US president-elect, Donald Trump , on the phone ...The Guardian - Jan. 17 -
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 -
US targets China’s answer to OpenAI with trade blacklisting
Beijing-based Zhipu singled out among artificial intelligence start-ups for allegedly advancing Chinese military capabilitiesFinancial Times - Jan. 16 -
What China Wants in Panama: More Trade, Projects and Influence
Beijing’s efforts to expand its reach in the country have hit several obstacles, in part because of American pressure.The New York Times - Jan. 15 -
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 -
China’s Trade Surplus Reaches a Record of Nearly $1 Trillion
China’s vast exports in 2024 exceeded its imports on a scale seldom seen anywhere except during or immediately after the two world wars.The New York Times - Jan. 13 -
China’s trade surplus hits annual record of almost $1tn
Rise in exports expected to increase tensions with US and other trade partnersFinancial Times - Jan. 13 -
China's exports in December grew 10.7%, beating estimates amid uncertainty over trade tariffs
China’s exports in December grew at a faster pace than expected, as factories rushed to fulfill orders amid uncertainty over trade tariffs that could be imposed by U.S. President-elect Donald TrumpABC News - Jan. 12 -
How business is bracing for a US-China trade war
President-elect Trump talked tough on tariffs on his way to securing a resounding win for Republicans in November, and now businesses are preparing for a trade war that could eclipse the one that ...The Hill - Jan. 9 -
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 -
Demonstrators block a key Pakistan-China trade route over power outages
Officials say hundreds of protesters angered by power outages have blocked a key road in northern PakistanABC News - Jan. 7