U.S. Trade Deficit Hit Record in 2024 as Imports Surged
Data released Wednesday morning by the Commerce Department showed that U.S. imports of goods and services grew 6.6 percent to a record $4.1 trillion, as Americans bought large amounts of auto parts, weight-loss drugs, computers and food from other countries.
Along with $2 trillion in U.S. exports and $3 trillion in imports, the U.S. trade deficit with the world topped $1 trillion for the third time in four years.
Robert Lighthizer, who was the U.S. trade representative in President Trump's first administration, says China poses an ...
When President-elect Donald Trump recently floated the idea of annexing Canada, a key reason he gave was a claim that the ...
total trade volume, or balance of trade. You can also choose to see the data in U.S. dollars or as a share of countries’ gross domestic product (GDP). Use the drop-down menu above the map to ...
From 2009 the trade balance shifted to deficit, with an exception of 2011 and 2014. In 2018, the largest trade deficits were recorded with China, Germany and Mexico, while the biggest trade ...
The Minister of State for Industry, Trade, and Investment, Sen. John Enoh, says the Federal Government is commitment to balancing trade through policies that support local production while managing ...
Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on ...
The more President Donald Trump threatens tariffs on the US’s trading partners, the more the worry of another inflation wave troubles global economists.
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