Latest in Trade Deficits U.s
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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 - 3h -
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 - 8h -
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 - 8h -
What the 'mother of all trade wars' can teach us about U.S. tariffs, according to economists
Here's how current events are mirroring a key point in U.S. history that led to a trade war and exacerbated the Great Depression, according to economists.CNBC - 10h -
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 - 7h -
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 - 8h -
Second leg of EFL Carabao Cup semifinals arrives: Can Arsenal overturn a two-goal deficit vs. Newcastle?
Elsewhere on the Golazo Starting XI newsletter, NWSL agrees to pay $5 million over harms to playersCBS Sports - 9h -
European Union trade chief hoping to stave off U.S. tariffs through early engagement
The European Union's trade chief is hoping early engagement with U.S. officials will prevent the tariffs that President Trump has threatened. New York Times reporter Lynsey Chutel joined CBS News ...CBS News - 11h -
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 - 12h -
Republicans stare down massive deficits to extend Trump tax cuts
Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their legislative agenda as disagreements over budget cuts look set to hamstring ...The Hill - 16h -
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 - 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 -
Newcastle vs. Arsenal: Gunners can overturn two-goal EFL Cup semifinal deficit if they keep creating chances
Throughout swings in form, Arsenal have never stopped being dangerous in attack, they just need Kai Havertz to convertCBS Sports - 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 -
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 - 2d -
Trade war is ‘last thing Canada wants,’ Ontario premier says as U.S. tariffs loom
Ontario Premier Doug Ford joins Meet the Press NOW as President Donald Trump threatens to impose tariffs on Canada.NBC News - 2d -
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 - 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 - 3d -
Is Trump about to lead the U.S. into a trade war? Here's what to know.
Less than two weeks into his second term, President Trump may be poised to deploy steep tariffs against key U.S. trading partners.CBS News - 5d -
India's finance minister faces a tough choice crafting the annual budget — boost growth or cut deficit?
This is the coalition government's first full-year budget after its assuming power in June.CNBC - 6d -
Manchester City saved by Savinho in Champions League, overturn one goal deficit to win 3-1 and advance
After being down a goal at halftime, City rallied to sneak into the top 24CBS Sports - 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 -
Chip Roy says he's not at GOP retreat, 'spending $2K to hear more excuses for increasing deficits'
Rep. Chip Roy (R-Texas) confirmed he was not in attendance at the Florida retreat for House Republicans while taking a shot at those who were present. “It is being reported I am not at the ...The Hill - Jan. 28 -
A Trade Weapon
President Trump wants to use tariffs to solve a raft of policy problems.The New York Times - Jan. 28 -
U.S. lawmakers in 'uncharted waters' as DeepSeek tests limits of American trade restrictions
The U.S. lawmakers have called for actions to slow down the Chinese tech startup, with some calling DeepSeek "a serious threat."CNBC - Jan. 28 -
Saudi Arabia Says It Will Increase U.S. Trade and Investment by $600 Billion
The Saudi media reported that Crown Prince Mohammed bin Salman had spoken with President Trump, who made the kingdom the first stop on his first overseas presidential trip in 2017.The New York Times - Jan. 24 -
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 -
‘Let sense prevail’: European CEOs still hope to avoid a U.S. trade war
European business leaders have broadly sought to downplay concerns about the prospect of a transatlantic trade war.CNBC - 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 -
UK 'not part of the problem' when it comes to U.S. trade, Britain's finance minister says
The U.K. is "not part of the problem" when it comes to trade deficits that President Donald Trump wants to tackle, the country's finance minister told CNBC.CNBC - Jan. 22 -
Trump Pushes for Early Renegotiation of U.S. Trade Deal With Mexico, Canada
President Trump is using the threat of stiff tariffs on goods from Canada and Mexico to pressure the two nations to start renegotiating a continental trade deal.The Wall Street Journal - Jan. 21 -
Maple Leafs score 7 unanswered goals to erase 3-goal deficit and rout Canadiens 7-3
The Toronto Maple Leafs scored seven unanswered goals to overcome a three-goal first-period deficit for a 7-3 win over the Montreal CanadiensABC News - 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 -
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 -
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 -
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 -
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