The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on imports, the latest data showed.
The U.S. trade deficit plunged in October largely due to gold exports and lower pharmaceutical imports, suggesting a headline improvement that may not meaningfully boost GDP.
The Trump administration's aggressive tariff strategy has collided with a sharp swing in the trade numbers, leaving the United States with its smallest trade gap in five years and a very different ...
The monthly trade deficit fell to its lowest level in five years after the president’s imposition of sweeping global tariffs. But it’s unclear whether the trend will persist. Note: Data shows goods ...
The U.S. trade deficit unexpectedly narrowed in September to the smallest since mid-2020 as exports surged. The goods and services trade gap shrank nearly 11% from the prior month to $52.8 billion, ...
The goods trade deficit narrowed 17.5% to $85.6 billion. When adjusted for inflation, the goods trade gap contracted 16.9% to $83.7 billion. Trump’s protectionist trade policy and the manner in which ...
The U.S. trade deficit with the world will set a record in 2025, which will be the fourth record in Trump’s five years in office, according to my analysis of U.S. Census Bureau data. It will surpass ...
President Trump is adhering to economic theory with regard to his tariff policies and trade deficits; with time it will pay off. He understands that America’s perennial trade deficits predispose to ...