US exports not only reduce deficits, they also bring higher-paying jobs and greater innovation. A tariff-driven trade war ...

The current account deficit widened $228.2 billion, or 25.2%, to a record $1.13 trillion in 2024. It represented 3.9% of GDP, the highest since 2022 and up from 3.3% in 2023.

Imposing new taxes on imports from countries that sell more goods to the United States than they buy may not undo trade ...

The trade deficit was also significantly lower than the average of over $23 billion during the first 10 months of FY25. We expect current account to witness a surplus of $5 billion in Q4 FY25 in ...

WASHINGTON (Reuters) -The U.S. current account deficit contracted in the fourth quarter, but the improvement could be temporary as goods imports surged to a record high in January, driven by ...

WASHINGTON (Reuters) -The U.S. current account deficit contracted in the fourth quarter, but the improvement could be temporary as goods imports surged to a record high in January, driven by ...