Us Trade Deficit
US trade deficit slipped to $901 billion last year amid Trump tariffs
The US trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double digit tariffs on imports from most countries. The gap the between the goods and services the US sells other countries and what it buys from them narrowed to just over USD 901 billion from USD 904 billion in 2024, the Commerce Department reported Thursday. Exports rose 6 per cent last year, and imports rose nearly 5 per cent. The trade gap surged from January-March as US companies tried to import foreign goods ahead of Trump's taxes, then narrowed most of the rest of the year. Trump's tariffs are a tax paid by US importers and often passed along to their customers as higher prices. But they haven't had as much impact on inflation as economists originally expected. Trump argues that the tariffs will protect US industries, bringing manufacturing back to America and raise money for the US Treasury.
 "US trade deficit slipped to $901 billion last year amid Trump tariffs")
US trade deficit shrinks in August as imports see steep drop post-tariffs
The report, which was initially scheduled for release on October 7, was delayed because of the recently ended 43-day shutdown of the government
 "US trade deficit shrinks in August as imports see steep drop post-tariffs")
US trade deficit widens 32.5% in July as imports surge to record levels
The trade gap ballooned 32.5per cent to $78.3 billion, the Commerce Department's Bureau of Economic Analysis said on Thursday
US goods trade deficit jumps sharply 22% to $103.6 billion in July
The Atlanta Federal Reserve is currently estimating GDP will increase at a 2.2 per cent rate in the third quarter
 "US goods trade deficit jumps sharply 22% to $103.6 billion in July")
Datanomics: Net exports' contribution to US GDP growth at its peak
Net exports of goods and services contributed 4.99 percentage points to GDP growth in the second quarter of 2025, the highest in the US since at least 1947
 "Datanomics: Net exports' contribution to US GDP growth at its peak")
Unfair and unwarranted: US action will result in undesirable outcomes
The initial imposition of a higher 25 per cent tariff last week was also devoid of economic logic
 "Unfair and unwarranted: US action will result in undesirable outcomes")
US trade deficit narrows to $60.2 bn in June as imports decline sharply
Imports of consumer goods fell to the lowest level since September 2020, and industrial supplies and motor vehicles were also down. Meantime, inbound shipments of capital equipment rose
 "US trade deficit narrows to $60.2 bn in June as imports decline sharply")
US goods trade deficit hits nearly two-year low as imports tumble
Imports of goods decreased $11.5 billion, or 4.2 per cent, to $264.2 billion, the lowest level since March 2024. The decline was led by a 12.4 per cent plunge in consumer goods imports
India's exports to US hit record high in March amid 90-day tariff pause
The US trade deficit soared to a record $140.5 billion in March, up from $123.2 billion in February as firms rush to stockpile imports before new tariff hikes take effect
 "India's exports to US hit record high in March amid 90-day tariff pause")
US trade deficit swells to record high amid rush to beat tariffs in March
Economists polled by Reuters had forecast the trade deficit rising to $137.0 billion from the previously reported $122.7 billion in February
US goods trade deficit widens in March due to sharp jump in imports
Goods imports soared $16.3 billion to $342.7 billion, likely as businesses rushed to bring in goods to avoid President Donald Trump's sweeping tariffs
India, US have finalised terms of reference for trade pact, says USTR
However, US Trade Representative Jamieson Greer claimed that there is a 'serious lack of reciprocity' in trade ties with India
 "India, US have finalised terms of reference for trade pact, says USTR")
US is top trading partner of India in FY25; trade deficit with China widens
India's exports to the US grew by 11.6 per cent in 2024-25, rising to $86.51 billion, compared to $77.52 billion in 2023-24
Trump adviser gives nations list to correct 'unfair' global system
Trump economic advisor Stephen Miran called on nations to take greater responsibility in providing global stability
 "Trump adviser gives nations list to correct 'unfair' global system")
US trade deficit narrows 6.1% in Feb, levels of import remains high
Imports of services increased $0.5 billion to a record high $72.2 billion. There were increases in travel services and charges for the use of intellectual property
 "US trade deficit narrows 6.1% in Feb, levels of import remains high")
US will go bankrupt: Musk criticises high trade deficit, tax expenditure
Musk said that US President Donald Trump inherited a $2 trillion trade deficit, warning that "America will go bankrupt" if it fails to bring the deficit under control
 "US will go bankrupt: Musk criticises high trade deficit, tax expenditure")
US trade deficit widens sharply due to record high imports in Dec
The trade gap increased 24.7 per cent to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said
US trade deficit widens in Nov as goods imports surge 3.4% to $351.6 bn
Imports rose 3.4 per cent to $351.6 billion. Goods imports surged 4.3 per cent to $280.9 billion. They were driven by a $3.7 billion increase in industrial supplies and materials
 "US trade deficit widens in Nov as goods imports surge 3.4% to $351.6 bn")
US goods trade gap widens to $102.9 bn in November on rebound in imports
The goods trade gap increased to a seasonally adjusted $102.9 billion last month from $98.3 billion in October, the Commerce Department's Census Bureau said on Friday
 "US goods trade gap widens to $102.9 bn in November on rebound in imports")
US trade deficit narrows sharply in August on increase in exports
The trade gap contracted 10.8 per cent to $70.4 billion from a revised $78.9 billion in July, the Commerce Department's Bureau of Economic Analysis said