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News in English (USA) / 05.02.2025 / 20:00

US Trade Deficit Hits Record High Amid Tariff Threats

The United States is facing a significant increase in its trade deficit, reaching record levels as imports soar amidst the looming threat of Trump tariffs. Recent reports indicate that the trade gap widened sharply, particularly in December, driven by an unprecedented rise in imports. As President Trump prepares to tackle the trade deficit, which has become a familiar challenge, the situation is drawing fresh scrutiny. Analysts highlight that record high imports are pressuring the US trade deficit, which has now hit the second highest level ever recorded. Concerns about the implications of this growing trade deficit on the economy, including potential impacts on GDP growth, are at the forefront of discussions.
BBC.com, The New York Times, USA TODAY, MarketWatch, The Globe and Mail, The Telegraph, Bloomberg, The Wall Street Journal, Reuters, The Economic Times