White House National Economic Council Director Kevin Hassett pointed out the United States' "persistent" trade deficits with ...

Trump wants to reduce the $1.2 trillion trade deficit, so he’s putting tariffs on popular imported goods from smartphones to ...

The map and table below show the United States 2024 goods trade balance -- the difference between its imports and exports -- ...

Higher tariffs would unambiguously reduce real gross domestic product and would likely push inflation up, though the size of ...

Whether we’re talking about purchases by consumers or businesses – domestic or international -- every market transaction ...

President Donald Trump has for years wildly exaggerated the size of US trade deficits ... figures show that the 2024 deficit with China in goods and services trade was $263.3 billion.

Among the most common economic justifications for tariffs today is that they’re needed to shrink a U.S. trade deficit that has ... with specific countries like China or our new mortal enemy ...