Trade within North America is built on deeply integrated supply chains. Mexico and Canada together accounted for $674 billion ...

The U.S. deficits with Taiwan, Mexico and Vietnam have all been the largest on a monthly basis in just the last four months.

High tariffs were supposed to slash chronically large U.S. trade deficits. Turns out they really didn’t. The nation’s trade deficit fell in 2025 by a meager 0.2% to $901.5 billion, but only due to a ...

President Donald Trump’s tariff policies did little to shrink the overall 2025 trade deficit. However, deficits did fall with several major U.S. trading partners including Canada, Japan and South ...

The U.S. merchandise trade deficit hit a record $1.2 trillion last year, despite President Donald Trump’s promise to eliminate it by imposing the highest tariffs in eight decades on foreign-made ...