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.
Jean-François Denis, global head of Trade Solutions at BNP Paribas, agrees. “It is the core business of trade finance to ...
Here’s how present events are mirroring a key point in U.S. history that led to a trade war and exacerbated the Great ...
The president’s tariff measures included a big change to trade rules that could increase costs for many purchases from sites ...
XTransfer, the world-leading and China’s No.1 B2B Cross-Border Trade Payment Platform, and Ecobank Group, the leading private ...
Experts say the 1977 International Emergency Economic Powers Act is untested for imposing import tariffs and Trump's action ...
Trump's tariffs on Canada, Mexico and China suggest he is willing to risk a global trade war. The main thing that could stop ...
Trade tiffs, bureaucracy battles and Musk’s mandate: Trump’s third week kicks off: From the Politics Desk ...
British Prime Minister Keir Starmer told his Canadian counterpart Justin Trudeau in a call on Wednesday that he welcomed an ...
The trade loophole is meant to ease small-scale sales — but critics say it's been abused and gives Chinese firms an unfair ...
The foreign and trade ministries on Wednesday blocked access to the Chinese artificial intelligence service DeepSeek amid concerns about user data collection. According to multiple ministry sources, ...
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Trump's perplexing tariffs goalsPresident Trump campaigned on using tariffs to revive domestic industry and fill America's coffers, but the tariff strategy ...
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