A trade deficit can occur for several reasons, but typically a country has a deficit when it's unable to produce enough goods for its consumers and businesses, possibly due to a lack of resources.

President Donald Trump has made reducing U.S. trade deficits, which have expanded significantly in recent decades, a priority of his administration. He and his advisors argue that renegotiating ...

The US Department of Commerce says the combined goods and services trade deficit stretched to a gargantuan $918.4 billion in 2024. That's a 17% increase compared to 2023, although it's a little ...

For example, we have a trade deficit with China. Also, we borrow money from China by selling T-Bills. The T-Bill transactions contribute to our national deficit.

On a larger scale of comparison, the U.S. holds the largest trade deficit in the world, hitting a record $1.2 trillion dollars in 2024 because of four large deficits in particular ‒ with China ...

But this trade deficit data isn’t exactly what it appears to be. At first glance, the enormous numbers might make you say, “Good God!” Like in March 2022, when the deficit ballooned to a ...

The U.S, trade deficit in goods with FTA partners was just north of $70 billion in 2016, while the deficit with non-FTA partners was more than $660 billion.

LOVELY: A trade deficit is basically the difference between what we buy from the rest of the world and what we sell to the rest of the world. In this case, President Trump is usually focused on ...

So cutting taxes, as Mr. Trump has told Congress to do, will drive up the budget deficit — and the trade deficit. All of this may seem counterintuitive, but it’s one of the few things that ...

President Donald Trump has long sought to tackle the country's overall trade deficit. The combined goods and services trade deficit hit $918.4 billion in 2024, a big increase from 2023.