Opinion
Why Trump can’t close the trade deficit
The prevailing dislike for imports among America’s political class has an old and bipartisan pedigree. At least since the Carter administration — the last time the country’s broad balance of trade was in the black — members of both parties have bemoaned the country’s persistent trade deficit as evidence of some deep national weakness.
EU consumers don’t trust US goods: a look into Trump’s trade deficit claims
Trump has repeatedly voiced his grievances against the EU, stating “they don’t take our cars, they don’t take our farm products, they take almost nothing, and we take everything from them. Millions of cars, tremendous amounts of food and farm products… the European Union, it’s an atrocity what they’ve done”.
US trade deficit hits record that will be a Trump target
President Donald Trump's mission to close the U.S. trade deficit met a greater challenge as America's trade deficit in goods soared to a record $1.2 trillion in 2024.
Will tariffs reduce trade deficits? Experts weigh in
President Donald Trump's trade agenda has focused on deploying tariffs to address the trade deficit with other countries, though economists say it's unlikely to narrow that gap.
Under threat of Trump tariffs, UK posts rare goods trade deficit with US
Britain entered a rare deficit in its goods trade with the United States at the end of last year, according to data published on Thursday that London will hope bolsters its case against the imposition of new tariffs by President Donald Trump.
Will Trump tariffs reduce trade deficits? The nation by nation tariff deal
Trump has always been concerned about a lack of reciprocity with US trade partners, believing that is why the US has been having trade deficits. Last year, the US trade deficit in goods rose by 14%. The president wants to solve this problem by imposing tariffs.
EU warns of immediate response to Trump tariffs as concerns grow over trade war
The economic chill from U.S. President Donald Trump’s threat of tariffs is being felt worldwide. U.S. President Donald Trump has repeatedly characterized the European Union (EU) as a bad trading partner.
President Trump says reciprocal tariffs will increase U.S. revenue, but some warn of risks
President Trump is promising reciprocal tariffs on foreign imports, charging the same fees that other countries charge. Mr. Trump says it will mean more revenue for the U.S. government, but economists warn it could lead to a global trade war and drive up prices.
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Trump wants to reduce the trade deficit. Here's why that matters.
The US Department of Commerce says the combined goods and services trade deficit stretched to a gargantuan $918.4 billion ...
Note to the White House: The U.S. Trade Deficit Is Homegrown
If President Trump were truly interested in eliminating the trade deficit, he could easily do so by balancing the federal ...
Politico13d
Trump’s nemesis, the US trade deficit, hit record high in 2024
The U.S. goods trade deficit increased in 2024 to a record $1.2 trillion, putting a target on countries around the world as President Donald Trump considers new tariffs. The Commerce Department ...
CBC.ca2d
Trump claims the trade deficit with Canada is a $200B subsidy. Experts disagree
But do his numbers add up? His argument hinges on a belief that the deficit in trade between the two countries has left the U.S. footing the bill for Canada's economic growth. The amount of ...