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 ...

To quote Inigo Montoya: “You keep using that word. I do not think it means what you think it means” For decades, journalists, economists, politicians and central bankers have said that the U.S.

Worries about government deficits are making one of their periodic tours of Wall Street. Investors say the prospect of bigger budget imbalances in the second Trump administration is a factor behind ...

President Donald Trump has for years wildly exaggerated the size of US trade deficits with various other countries. Now, as Trump cites those trade deficits as a key justification for his tariff ...

The federal government recorded one of the largest budget deficits in U.S. history this year when fiscal year 2025 concluded. The nonpartisan Congressional Budget Office (CBO) projected to record a ...