by Sandra Sadek | Mar 8, 2025 | Featured, Trade
NEW YORK – President Donald Trump’s tit-for-tat economic policies have forced businesses to brace for an all-out trade war, and pushed the trade deficit to levels unseen before. The latest numbers from the Bureau of Economic Analysis show that the goods and services...
by Sandra Sadek | Feb 7, 2025 | Featured, Trade
NEW YORK — The U.S. trade deficit reached a historic high last year as importers and exporters braced for a possible trade war with its largest trading partners. The 2024 trade deficit ended the year at over $918 billion, reflecting a 17% increase from 2023,...
by Jiana Smith | May 20, 2024 | Featured, Inflation, Retail, Trade
Kinani Ahmed, owner of Sextant Coffee Roasters in San Francisco, opened his roastery in 2014 with a goal of sharing the finest coffees of Ethiopia with others. But since the COVID-19 pandemic, that goal has become more and more expensive. The civil war in Ethiopia,...
by Truth Headlam | May 2, 2024 | Trade
The upcoming trade report will reveal the health of the trade balance in March. It will also tell if exports and imports continue to increase which will point toward the strength of the consumer economy. Rising imports Imports have seen a steady...
by Truth Headlam | Mar 8, 2024 | Trade
The U.S. trade deficit increased in January, a sign that consumer spending is strong. The goods and services deficit increased by $3.3 billion from January, the Census Bureau reported Thursday, surpassing economists’ predictions. Imports rose by $3.6 billion, far...
by Truth Headlam | Feb 8, 2024 | Trade
The U.S. trade deficit narrowed in 2023 despite a slight month-to-month widening in December, pointing towards a recovering economy. The goods and services deficit increased by $0.3 billion in December, the Census Bureau reported Wednesday. But it fell by $177.8...
