Economic growth depends on deregulation, tax cuts and the budget deficit, not on the balance of trade.

Cargo cranes remove containers in Tacoma, Washington, in November 2019. (Ted S. Warren/AP) The prevailing dislike for imports among America’s political class has an old and bipartisan pedigree.

The US Department of Commerce says the combined goods and services trade deficit stretched to a gargantuan $918.4 billion in 2024. That's a 17% increase compared to 2023, although it's a little ...

This lack of reciprocity is unfair and contributes to our large and persistent annual trade deficit,” wrote the White House.

President Donald Trump's trade agenda has focused on deploying tariffs to address the trade deficit with other countries, ...

Trump has repeatedly voiced his grievances against the EU, stating “they don’t take our cars, they don’t take our farm ...

Part of that strategy is Trump's belief that tariffs will help reduce trade deficits. After his initial announcement of 25% tariffs on Mexico and Canada, Trump said the countries "have to ...

President Donald Trump has long sought to tackle the country's overall trade deficit. The combined goods and services trade deficit hit $918.4 billion in 2024, a big increase from 2023.