The June deficit fell for the second month in a row, but that doesn’t mean the U.S. is not on track for another trillion-dollar trade gap with the world. China remains largest single source of the trade deficit.
The U.S. trade deficit remains on par to crack $1 trillion again. Meanwhile, a soft decoupling from China can be seen in the latest trade data.
China as a source for American imports is on the wane thanks to tariffs, other business risks. But strong dollar keeps imports booming.
The trade deficit is financing China’s rise, some members of the House Ways & Means Subcommittee on Trade say. What’s at stake? Is it fixable?
What the U.S. trade deficit for February is telling us about American supply chains, and dollar strength due to rising interest rates.
The U.S. posted its usual trade deficit for the month of January. A look at what we buy, and who we buy it from.
Former President Trump says the U.S. needs universal tariffs to fix trade imbalances with the world. And says China should no longer be on the Most Favored Nation trade list, giving it nearly duty-free access to the U.S. for thousands of products.
Key Points The U.S. goods trade deficit ballooned to $1.19 trillion in 2022, an increase of 9% from the previous year. This is a U.S. and world record. Imports of electronic goods, machinery & appliances, and vehicles account for more than half of the trade deficit. While China continues to be the leading source of…
The latest trade figures show historic deficits with Mexico, Canada and Vietnam. Meanwhile, the 2022 deficit with China and the EU is the second largest of all time.
The November trade deficit fell, but that didn’t stop the U.S. from record imports this year. The goods deficit is now over $1.1 trillion.