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US trade deficit widens to a fresh peak as imports outpace exports
economy7 days ago

US trade deficit widens to a fresh peak as imports outpace exports

Last year the US posted a record $3.4 trillion in goods imports and a goods-and-services deficit near $901.5 billion, pushing the overall goods deficit to about $1.2 trillion despite sweeping tariffs. Exports rose to new highs, and the US-China gap narrowed about 30% to $202.1 billion, while gaps widened with Mexico, Vietnam and Taiwan. Analysts say tariff effects may take time to materialize amid ongoing legal challenges to the tariffs.

via BBC|
#china-trade#economy#exports
Trump expands Argentine beef imports with bigger tariff quota, price relief uncertain
business22 days ago

Trump expands Argentine beef imports with bigger tariff quota, price relief uncertain

President Trump signed a proclamation to raise the tariff-rate quota for Argentine beef by 80,000 metric tons, allowing more lean beef trimmings to enter the U.S. at a lower duty. Economists say the effect on grocery prices will likely be small despite record U.S. beef prices and a drought-strained cattle herd; the move aligns with broader trade talks with Argentina, and about 33,000 metric tons of Argentine beef were imported in 2024 (about 2% of total).

via The Guardian|
#argentina#beef#business
Trump to Sign Order Dramatically Expanding Argentine Beef Imports
politics22 days ago

Trump to Sign Order Dramatically Expanding Argentine Beef Imports

President Trump is poised to sign an executive order that quadruples U.S. imports of beef from Argentina under a recently signed trade pact, adding about 100,000 tons and roughly $800 million in Argentine exports as a move to lower domestic beef prices. While the administration frames the plan as consumer relief, critics such as the National Cattlemen’s Beef Association say it undercuts American ranchers and won’t meaningfully cut grocery costs. The deal also suspends reciprocal tariffs on some Argentine goods and signals a deeper U.S.–Argentina alliance that could aid President Milei.

via cbsnews.com|
#argentina#beef#imports
Tariffs Fall Short: U.S. Trade Deficit Stays Near Record High
economy-and-politics29 days ago

Tariffs Fall Short: U.S. Trade Deficit Stays Near Record High

The U.S. trade deficit remains near record highs despite tariffs, after a brief dip earlier in 2025; November alone showed a jump to $56.8 billion as imports rose and exports fell. Even when removing tariff effects and gold flows, deficits stay large, with 2025 tracking to one of the year’s largest gaps. Economists say tariffs and a cheaper dollar help, but persistent import demand (notably from Mexico and Vietnam) and AI-related equipment needs keep the deficit elevated, even as Q4 looks to be the year’s smallest deficit and could modestly boost GDP.

via MarketWatch|
#economy-and-politics#exports#gdp
US Resumes Venezuelan Oil Trade, But Gas Prices Face an Uncertain Path
business1 month ago

US Resumes Venezuelan Oil Trade, But Gas Prices Face an Uncertain Path

The U.S. completed its first sale of Venezuelan oil (about $500 million) as part of tapping into Venezuela’s reserves, prompting debate over how quickly it could affect pump prices. With national gas around $2.67/gal, economists are divided: a production ramp could lower prices, but meaningful impact is likely years away due to sanctions, infrastructure issues, and the need for heavy crude in refineries; Venezuela’s current output is ~750,000 barrels per day of a ~300 billion-barrel reserves, and Canada currently dominates heavy crude imports. The outcome will hinge on political concessions and whether additional supply can actually reach U.S. refineries without triggering oversupply in the market.

via CBS News|
#business#gas-prices#heavy-crude
White House Sets Negotiations to Secure Critical Minerals Supply
politics1 month ago

White House Sets Negotiations to Secure Critical Minerals Supply

The White House issued a Section 232 proclamation after a Commerce Department finding that imports of processed critical minerals and their derivatives threaten US national security. It emphasizes PCMDPs’ essential role in defense and infrastructure, notes heavy US dependence on foreign sources and price volatility, and calls for negotiations with trading partners to adjust imports (potentially with tariffs or price floors). The President directs the Secretary and the USTR to pursue agreements, monitor progress, and provide updates within 180 days, while retaining authority to take further actions to secure domestic mining, processing, and supply chains.

via The White House (.gov)|
#critical-minerals#domestic-mining#imports
China Posts Historic Trade Surplus as Exports Flood Global Markets
world1 month ago

China Posts Historic Trade Surplus as Exports Flood Global Markets

China posted a $1.19 trillion trade surplus for 2025—the largest on record and up 20% from 2024—driven by a weak renminbi and booming exports to Europe, Africa and Southeast Asia, while imports were flat; despite U.S. tariffs shaving about 22% off the U.S. surplus, shipments to other regions surged as Beijing pursues self‑reliance ahead of its 2030 plan, with the IMF urging currency normalization and a shift toward stronger domestic demand.

via The New York Times|
#china#exports#imports
economy1 month ago

U.S. Trade Deficit Hits 2009 Low Amid Tariff Impact

In October 2025, the U.S. trade deficit decreased to $29.4 billion, driven by a decline in imports and an increase in exports, marking a significant improvement from September. The goods deficit fell by $19.2 billion, and exports of goods and services increased, reflecting a positive trend in U.S. international trade. Year-to-date, the deficit has increased compared to 2024, but the recent monthly figures show a narrowing gap.

via Bureau of Economic Analysis (BEA) (.gov)|
#economy#exports#goods-and-services
world2 months ago

Gaza's iPhone Boom Amidst Homelessness

Purchases of the new iPhone 17 Pro are rising in Gaza, with many buyers being displaced and unemployed, as the compact phones are easier to import than bulkier aid supplies. There are concerns about Israel using phones for surveillance, and despite limited official channels, phones are being sold at high prices, highlighting ongoing tensions over imports and aid in Gaza.

via The Jerusalem Post|
#gaza#humanitarian-aid#imports
EU Targets Cheap Plastic Imports Amid Recycling Plant Closures
environment2 months ago

EU Targets Cheap Plastic Imports Amid Recycling Plant Closures

The EU is planning to implement checks on imported plastics and other measures to support its struggling recycling industry, which has faced closures due to low demand and cheap imports, including from China. Proposed measures include monitoring imports, establishing a single waste market, and clarifying chemical recycling rules to promote circularity and protect domestic producers.

via Financial Times|
#environment#eu#imports