Trump Aims at a Lower Trade Deficit. He’s Likely to Miss, Again.
Plans for tariffs and tax cuts are likely to worsen the U.S. trade balance, Desmond Lachman writes in a guest commentary.
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.
Trump denies report he’s softening tariff positions
President-elect Donald Trump denied a report that he is considering changing his mind about wide-ranging tariffs once he enters the White House.
CEO confirms school trust faces £1.2m deficit
The leader of an educational trust has confirmed that a £1.2m deficit across the accounts of three schools was discovered ...
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.
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
India Fixing Record Trade Deficit After Overstating Gold Imports
India’s government is still finalizing revisions to gold import figures and trade data after discovering discrepancies in their calculation last month, according to people familiar with the matter.
Speaker: Tax increase possible to help pay for Rhode Island state budget deficit
Tuesday under a shiny, refurbished statue of the Independent Man, Rhode Island lawmakers will get back to work in a new ...