#trade-deficit

#trade-deficit

The Trump administration highlighted a shift in the US ice cream trade balance, pointing to a deficit of $40.6 million under Biden compared to a surplus in 2020.

All the deals are done before immediately contradicting himself, revealing confusion surrounding the status of 90 trade deals while imposing new tariffs on allies.

We're advancing in the right direction at pace," Šefčovič said at a news conference. He said ongoing technical meetings between EU and U.S. negotiators in Washington would be soon followed by a video conference between himself and Greer to then "assess the progress and charter the way forward.

Leavitt asserted that judges overstepped their bounds in blocking Trump's tariffs, claiming the decision harmed national security and economic stability.

Exports to the U.S. also dropped by 6.6 per cent but was almost compensated by an increase in exports to the rest of the world, Statistics Canada said.

He kind of vaguely repeated his frequent claim that the U.S. had a trillion-dollar trade deficit with China under President Biden. It did have a big trade deficit, but he's grossly exaggerating it.

The U.S. ran a $1.1 trillion trade deficit in 2023, importing over $3 trillion in foreign goods while exporting only $1.9 trillion.

The tit-for-tat escalation of tariffs between the world's biggest trading powers has led to uncertainty on what it means for the cost and production of everyday items.

President Trump’s dual approach to currency speaks to a fundamental contradiction: aiming for both a strong dollar for global trade status and a weak dollar to enhance U.S. exports.