Hard as it is to imagine amid the harrowing US-China trade war these days, there was a time when the two countries hardly did any business with each other. That time was about 40 years ago, in the ...

The US trade deficit jumped to a record high in September as exports slumped, government data showed on Thursday. The Commerce Department said that the trade gap surged 11.2% to a record $80.9 ...

An icon in the shape of a lightning bolt. Impact Link. Save Saved Read in app ... The trade deficit with Mexico, however, grew from $78 billion in 2018 to about $172 billion in 2024.

The US trade gap edged only slightly higher in October than the month before, to $78.2 billion. The latest reading was up just 5.4%, less than half the pace of increase from the revised September ...

A trade deficit sounds bad, but it is neither good nor bad. It doesn’t mean the U.S. is losing money. It simply means foreigners are sending the U.S. more goods than the U.S. is sending them ...

The trade deficit swelled 17.0% to $918.4 billion in 2024, the largest since 2021. Imports increased 3.5% to an all-time high of $364.9 billion. Goods imports soared 4.0% to $293.1 billion.

These graphics highlight partner-specific trade policies, rather than sector-specific ones. In 2024, the US ran a net $1.2 trillion trade deficit in goods, meaning a higher value of goods was ...