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.
US trade deficit widens sharply in December as imports hit record high
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats. The trade gap increased 24.7% to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said on Wednesday.
A Latin term that’s been little-known outside the world of customs brokers has suddenly become the stuff of headlines. Along ...
USPS said it would work with Customs and Border Protection to implement a collection process for new China tariffs to avoid ...
Along with $2 trillion in U.S. exports and $3 trillion in imports, the U.S. trade deficit with the world topped $1 trillion ...
By Foo Yun Chee BRUSSELS (Reuters) - Chinese online marketplace Temu and fast-fashion retailer Shein will be liable for the ...
China announced retaliatory tariffs on select American imports and an antitrust investigation into Google on Tuesday, just ...
Mexico is among the top 10 import countries for Washington state, with an import value over $1 billion in 2024 alone.
China has delayed imports of up to 600,000 metric tons of mostly Australian wheat and offered some of these cargoes to other ...
While President Trump's proposed tariffs on Canada and Mexico are currently on hold, we are seeing a lot of confusion circulating on social media about what a tariff is. That is why we are digging ...
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How tariffs on Chinese imports are impacting the local economyChinese-made products coming to the U.S. such as cellphones, TVs, and computers are now facing a 10% tariff. However, if you ...
Despite a growing trade war between Washington and Beijing, China's ethane imports from the U.S. are set to surge this year ...
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