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 ...

Perhaps AI will do something similar to services in the future. There’s another irony here. Our trade deficit, for all the political angst it inspires, helps finance our government.

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 ...

If the president really wants to eliminate the trade deficit, his best option is to rein in the federal budget deficit, which would naturally reduce capital inflows by raising domestic savings.

One of the Trump administration’s biggest tariff boosters, Commerce Secretary Howard Lutnick, recently said tariffs not only will energize the U.S. industrial sector but also help the government’s ...

The annual trade deficit has reduced our U. S. GDP by some 3% to 5.5% each year, and those reductions compound over time. There is no historical record of any other country in history running 41 years ...

The president’s frenzied attacks on the nation’s trade deficit show he’s misreading a sign of American economic strength as a weakness. If the president really wants to eliminate the trade ...

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 ...

In February, the overall U.S. trade deficit was $122.7 billion, down $8 billion from January when it was at a record high, according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau.

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.

Overall trade with China last year easily surpassed previous records, and the U.S. trade deficit with China grew 8.3 percent annually to $382.9 billion, the second-highest total on record.

During a Friday meeting with Prime Minister Shigeru Ishiba of Japan at the White House, Trump said he wanted to cut the US trade deficit with Japan, which in 2024 hit $68.5 billion.