Washington, March 2 (IANS) The White House on Monday unveiled President Donald Trump’s 2026 Trade Policy Agenda, declaring that “America is back” and vowing to deepen tariffs, enforce trade laws, and renegotiate key agreements to reduce what it calls a national emergency driven by record trade deficits. The 2026 agenda argues that “the United States currently runs the largest trade deficit in human history,” after offshoring 5 million manufacturing jobs and losing more than 70,000 f…
Latest Trade deficit News & Updates
Washington, Jan 29, (IANS) India remained among the United States’ key trading partners in November as the US trade deficit widened sharply, due to higher imports and a decline in exports, according to official data released on Thursday. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis said the U.S. goods and services trade deficit rose to $56.8 billion in November, nearly double the revised $29.2 billion recorded in October.A trade deficit occurs when a country imports more goo…
Washington, Jan 28 (IANS) President Donald Trump declared that inflation “has been defeated” and the US border is “totally closed” as he pitched tariffs, tax cuts, and new trade claims in a political push he said is aimed at winning the midterm elections.Speaking to supporters in Iowa on Tuesday, Trump said his administration had delivered “the most dramatic one-year turnaround of any country in history,” arguing that the US economy had rebounded rapidly after what he described as a …
New Delhi, Jan 23 (IANS) Pakistan’s exports plummeted by 20.4 per cent in December 2025, marking the fifth consecutive monthly decline that reflects the deep-rooted economic crisis plaguing the country, according to official figures.Exports contracted to approximately $2.32 billion from nearly $2.91 billion in December 2024. Imports, on the other hand, continued to expand, rising by about 2 per cent to $6.02 billion, pushing the monthly trade deficit up by nearly 24 per cent to $3.7 billion, a…
Seoul, Jan 21 (IANS) South Korea’s exports expanded 14.9 per cent from a year earlier in the first 20 days of this month, driven by strong demand for semiconductors, data showed on Wednesday.Outbound shipments reached US$36.36 billion in the January 1-20 period, compared with $31.63 billion tallied over the same period last year, according to the data from the Korea Customs Service, reports Yonhap news agency.Imports increased 4.2 per cent on-year to $36.98 billion during the period, resulting i…
Washington, Jan 14 (IANS) US President Donald Trump said the American economy has rebounded sharply in less than one year, citing strong growth, falling inflation, rising wages and record investment as evidence of what he called a historic turnaround.Speaking at the Detroit Economic Club, on Tuesday, Trump said the recovery followed what he described as severe economic damage under the previous administration.“Now after less than 12 months in office, I’m back in Michigan to report to you on th…
New Delhi, Jan 6 (IANS) A sharp fall of 20.4 per cent in Pakistan’s exports in December — the fifth consecutive month of declining overseas shipments of the country — underscores that the slump stems from structural factors and can no longer be dismissed as a temporary setback, according to an article in the local media.The article in the Dawn observed that Pakistan’s poor export performance has always remained the weakest link in its external sector stability chain. This has become even m…
New Delhi, Dec 25 (IANS) The International Monetary Fund (IMF) has asked the Pakistan government to reduce its spending on incentives given for foreign remittances, a move that has raised concerns among experts about a possible shift of money flows back to informal channels. According to a report by Nikkei Asia, analysts fear that cutting these incentives could weaken official banking routes and push more remittances towards backstreet networks such as hawala and hundi.The IMF’s recommendation…