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Trump and his tariffs are set to collide with a widening U.S. trade deficit. There’s no quick fix.
The U.S. trade deficit rose 6% to nearly $80 billion near the end of 2024, leaving Donald Trump with a gap that’s almost twice as high as when he first took office as president eight years ago.
Dollar down in choppy trade on Trump tariff confusion
The U.S. dollar was lower on Monday in choppy trading after conflicting reports about how aggressive President-elect Donald Trump's tariff plans could be when he takes office. The dollar dropped as much as 1.
Trump denies report about changes to tariff plans
President-elect Donald Trump denied a report about his transition team developing a tariff plan that would be more restrained than his campaign proposals.
Dollar tumbles on report of watered-down tariffs despite Trump pushback
"Welcome to the age of Trump 2.0," ING Economics said of the whiplash in the dollar after a report from The Washington Post and Donald Trump's response.
Dollar drops on reports Trump will scale back tariff plans
The dollar fell on Monday following reports that president-elect Donald Trump’s administration is considering watering down a campaign pledge to apply sweeping tariffs on import
7h
on MSN
US trade deficit with Vietnam soars beyond $110 billion, as weak dong boosts exports
The U.S. trade deficit with Vietnam exceeded $110 billion in the first 11 months of 2024, latest U.S. figures show, as ...
7h
on MSN
Maryland lawmakers convene with $3B deficit and uncertainties over incoming Trump administration
Maryland lawmakers are bracing for a fiscally challenging legislative session. The 90-day session begins Wednesday.
6h
on MSN
China's fiscal stimulus and fiscal deficit are focuses for investors, not short-term demand boost: Economist
Hao Zhou, Guotai Junan International's chief economist, says that it is still a "question mark" on whether China's domestic ...
17h
on MSN
Newsom floats $322 billion budget that would pull California out of deficit
Gov. Gavin Newsom’s proposal included a $228.9 billion general fund that would rely on $17 billion in reserves ...
22h
Canada posts nine straight months of trade deficit, surplus with US widens
Canada recorded a ninth consecutive monthly trade deficit in November, albeit smaller than expected, as exports rose faster ...
23h
on MSN
US Trade Deficit Widens on Largest Jump in Imports Since 2022
The US trade deficit widened in November, reflecting the biggest jump in imports since March 2022 as companies accelerated ...
1d
on MSN
After 2 years of shortfalls, California governor proposes $322B budget with no deficit
California Gov. Gavin Newsom has proposed a $322 billion budget without a deficit. It’s a welcome change after two years of ...
1d
on MSN
Gov. Gavin Newsom announced a $322.2 billion budget with no deficit. Here’s what’s in it
California no longer faces a budget deficit, Gov. Gavin Newsom said Monday, two months after budget officials projected a $2 ...
15h
on MSN
Maryland Democrats face tough budget decisions amid $3B deficit at pre-session luncheon
ANNAPOLIS, Md. (7News) — Maryland Democrats gathered Tuesday in Annapolis for a pre-legislative session luncheon. Currently, ...
1d
on MSN
Amid a $7 million deficit to Texas’ suicide hotline, thousands of calls are abandoned monthly
The state’s 988 suicide had the nation’s fifth highest rate of abandoned calls in August, the latest data available, amid a ...
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