Taken in absolute terms at the end of each presidential term, the claim is true. However, while a U.S. president can direct policy and campaign for certain spending priorities and tax reforms, the ...

The US Department of Commerce says the combined goods and services trade deficit stretched to a gargantuan $918.4 billion in 2024. That's a 17% increase compared to 2023, although it's a little ...

The U.S. trade deficit now routinely tops $1 trillion, principally because of four particularly large U.S. trade deficits – with China, Mexico, Vietnam and Ireland. The 2024 deficit was a record $1.2 ...