It’s the smallest trade deficit since June 2009.

Even though Musk backs Buffett’s proposal, that’s unlikely to be enough to get this kind of policy across the board.

The U.S. trade gap narrowed in October, a government report released Jan. 8 showed. The trade deficit in goods and services was $29.4 billion, down 39% from $48.1 billion in September, as tariffs ...

The monthly trade deficit continued to shrink in October after President Trump imposed sweeping tariffs on imports, the latest data showed. Note: Data shows goods and services. Source: Bureau of ...

Maryland taxpayers saw many tax and fee increases in 2025, but the state is still facing a major budget deficit, meaning 2026 could bring more of the same. Those increases include higher vehicle ...

In a remarkable turnaround, the U.S. deficit with Mexico has been larger than the deficit with China for three of the last five months and four of the last seven. In fact, the annual U.S. deficit with ...

The current record-high copper price, driven by a nearly 40% rise in 2025, is primarily a result of "economically trapped" inventory—between 730,000 and 830,000 tonnes of copper held in US warehouses ...

The Agriculture Department is projecting that the ag trade deficit will shrink in FY2026 even more than previously anticipated. USDA expects the trade deficit to fall from $43.7 billion in FY2025 to ...

The U.S. trade deficit with the world will set a record in 2025, which will be the fourth record in Trump’s five years in office, according to my analysis of U.S. Census Bureau data. It will surpass ...

President Donald Trump has pledged that his tariffs will bring manufacturing jobs back to America and make America a net exporter again. So far, the exact opposite has happened: Manufacturing jobs ...

The U.S. trade deficit has fallen to its lowest monthly level in five years, as trade patterns adjust to President Trump's steep tariffs. In September, American goods and services exports rose to $289 ...

For months, President Donald Trump has insisted that America's huge trade deficit could be tamed with one blunt tool: tariffs. In September, the numbers finally moved his way. New figures from the ...