Trump, tariff and trade deficit
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Data released Thursday by the Census Bureau showed the overall trade deficit with the world narrowed, the result of an expanding trade surplus in services. The trade deficit in goods was the highest on record.
Services imports increased $0.3 billion to $75.8 billion, lifted by other business services, telecommunications, computer and information services. Travel imports edged up, but imports of transport services fell. The goods trade deficit with China widened slightly in August.
WASHINGTON — President Donald Trump and European Union leaders announced a trade framework over the weekend, just days ahead of Trump’s self-imposed Friday deadline to increase import taxes and his emergency tariffs come under scrutiny in federal ...
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 the $1.16 trillion record set in the last year of ...
WASHINGTON (Reuters) -The U.S. trade deficit narrowed more than expected in August as businesses imported fewer goods against the backdrop of higher tariffs, a trend that if sustained could be a potential tailwind for economic growth in the third quarter.
Teeing up the next in a succession of geographic focal points in the 14-year US solar-industry trade battle against Chinese trade practices, an American manufacturing consortium today filed petitions against imports from India, Indonesia and Laos.
If you bought a nice, imported bottle of wine recently, there’s a better than 90% chance it entered the United States only after the importer paid a tariff, probably about 15%. That six-pack of imported beer in the next aisle? Only 7.32% of beer imports ...
A Supreme Court decision on the IEEPA tariffs is expected as early as January 9, 2026. U.S. tariff collections increased from $84.2 billion in Q3 2024 to $331.4 billion in Q3 2025. Look for changes in the USMCA's joint renewal in July 2026. The Trump ...
US President Donald Trump's new global tariffs have come into effect at 10% after the Supreme Court blocked many of his sweeping import taxes on Friday. Just hours after last week's ruling, the president signed an executive order to impose the new levy from 24 February.