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U.S. International Trade in Goods and Services, December and Annual 2024
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $98.4 billion in December, up $19.5 billion from $78.9 billion in November, revised. table December exports were $266.5 billion, $7.1 billion less than November exports. December imports were $364.9 billion, $12.4 billion more than November imports. The December increase in the goods and services deficit reflected an increase in the goods deficit of $18.9 billion to $123.0 billion and a decrease in the services surplus of $0.6 billion to $24.5 billion. For 2024, the goods and services deficit ... (full story)
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US trade deficit widens sharply in December as imports hit record high
The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats. The trade gap increased 24.7% to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said on Wednesday. Economists polled by Reuters had forecast the trade deficit soaring to $96.6 billion from the previously reported $78.2 billion in November. President Donald Trump on Monday suspended a 25% tariff on Mexican and Canadian goods until next month. An additional 10% levy on goods from China went into effect ... (full story)
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- Posted: Feb 5, 2025 8:31am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,432
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