U.S. Trade Deficit Hit Record in 2024 as Imports Surged
Data released Wednesday morning by the Commerce Department showed that U.S. imports of goods and services grew 6.6 percent to a record $4.1 trillion, as Americans bought large amounts of auto parts, weight-loss drugs, computers and food from other countries.
US trade deficit widens sharply in December as imports hit record high
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats. The trade gap increased 24.7% to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said on Wednesday.
Along with $2 trillion in U.S. exports and $3 trillion in imports, the U.S. trade deficit with the world topped $1 trillion ...
Tariffs have made headlines in recent days with higher duties in the works for Mexico, Canada and China. How does Arizona fit ...
Mexico is among the top 10 import countries for Washington state, with an import value over $1 billion in 2024 alone.
Starting Tuesday, nearly all imports from Canada and Mexico will be charged a 25% tariff, while goods from China will be ...
Canada saw its first trade surplus in ten months in December as exports continued to expand faster than imports, led by ...
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