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The U.S. trade deficit hit near-record levels in late 2024 as America's trading partners prepare to navigate Trump's tariffs.

Overall U.S. exports to the world grew to $3.19 trillion in 2024, up 3.9 percent from the previous year, as the United States ...

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.

The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats.