US trade deficit News

Musk took to social media, saying, "This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. 

The US has slapped tariffs on imports of steel and aluminium from India, part of Trump's drive to reduce the US trade deficit and boost American manufacturing jobs.

Earlier on Friday, China announced that it was ending its sorghum investigation, which had effectively halted a trade worth roughly $1.1 billion last year.

Trump defended his decision not to have a country specific exemption on his steel and aluminium tariff.

The trade deficit for the month was pushed by rising oil prices, as well as record imports from China ahead of the holiday shopping season, the Commerce Department said in its monthly report.

Relations between the US and Germany veered further toward crisis today as President Donald Trump complained about the US trade deficit with Germany and said it must pay more for the NATO military alliance.

Relations between the US and Germany veered further toward crisis on Tuesday.

The US trade deficit fell more than expected in December as exports rose to their highest level in more than 1-1/2 years, outpacing an increase in imports.

The US trade deficit shrank in November to a nine-month low as a sharp drop in imports outpaced a decline in exports, the Commerce Department said Wednesday.

The trade gap widened to $43.9 billion in October from an upwardly revised September reading of $42.5 billion.

The US trade deficit fell in July to the lowest level in five months as exports posted a small gain while imports declined, reflecting a big drop in shipments of consumer goods such as cell phones.

The US trade deficit narrowed in July as exports increased and imports fell sharply, led by a decline in consumer goods, the Commerce Department reported Thursday.

The US trade deficit widened modestly in May as exports fell more than imports, the Commerce Department reported Tuesday.

The US trade deficit fell back to a more normal level in April after a surge the previous month as the distortions from the West Coast port slowdown began to ebb.

The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.

Analysts said the yawning trade gap had raised questions about the outlook for an increase in US interest rates, a move that would be supportive of the greenback.

The US trade deficit swelled in March to a six-year high on a surge in imports from the end of the West Coast port strike backed by the strong dollar.

The US trade deficit in December jumped to the highest level in more than two years as American exports fell and imports climbed to a record level.

The US trade deficit shrank sharply in November to the smallest gap in nearly a year as imports fell more than exports, government data released Wednesday showed.

The US trade deficit unexpectedly widened in September as exports hit a five-month low, suggesting slowing global demand could undercut economic growth in the final three months of the year.