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.

Plans for tariffs and tax cuts are likely to worsen the U.S. trade balance, Desmond Lachman writes in a guest commentary.

The U.S. dollar was lower on Monday in choppy trading after conflicting reports about how aggressive President-elect Donald Trump's tariff plans could be when he takes office. The dollar dropped as much as 1.

The Washington Post reported, citing three people familiar with the matter, that Trump's aides were drawing up plans that would see an across-the-board tariff that applies to every country but only covers imported goods deemed critical to national or economic security,