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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
The Washington Post reported, citing three people familiar with the matter, that Trump's aides were drawing up plans that would see an across-the-board tariff that applies to every country but only covers imported goods deemed critical to national or economic security,
2d
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
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 ...
2d
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 ...
22h
on MSN
Maryland faces $3B deficit as leaders tackle budget challenges in Annapolis
Maryland state senators and delegates always celebrated their return to Annapolis, but this year, there is a decidedly dark ...
1d
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.
2d
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 ...
2d
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 ...
2d
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 ...
2d
Proposed California budget has no deficit, but could be affected by federal government
The budget Newsom announced Monday is mostly a placeholder as California waits to see if incoming President Donald Trump will ...
3d
on MSN
Indonesia's budget deficit in 2024 at 2.3% of GDP
Indonesia's unaudited budget deficit for the 2024 fiscal year was 2.29% of GDP, smaller than the finance ministry's earlier ...
2d
Maryland lawmakers face budget deficit as new legislative session begins in Annapolis
WBFF- Baltimore — Maryland's new legislative session starts tomorrow. As lawmakers return to Annapolis, there are some ...
4h
Council requests emergency funding to fix deficit
Cash-strapped Solihull Council has applied for emergency government support as it attempts to fill a multimillion-pound hole ...
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