The U.S. trade deficit rose 6% to nearly $80 billion near the end of 2024, leaving Donald Trump with a gap that’s almost twice as high as when he first took office as president eight years ago.

President-elect Donald Trump denied a report that his incoming administration is considering paring back his wide-ranging tariff plan. His opponents have said his tariff plan will raise costs for consumers,

President-elect Donald Trump is reportedly reconsidering his approach to tariffs, potentially opting for a more targeted strategy that would apply duties to a select range of goods and services rather than imposing them universally across all nations,

Rapidly changing signals on that topic caused a lot of market whiplash Monday following a Washington Post story outlining discussions among top Trump aides centered around a more limited set of tariffs that would be universal but only apply to what are deemed critical imports.