Federal Reserve Chair Jerome Powell may be breathing easier now that the Trump administration intends to focus on the 10-year Treasury yield, instead of rate cuts, to lower borrowing costs. But for ...
The US trade gap swelled last year to its second-largest on record, government data showed Wednesday, as deficits come under the spotlight with President Donald Trump’s return to the White House.
WASHINGTON -- The U.S. trade deficit in goods reached a record high of $1.21 trillion in 2024, up 50% from 2017, government data shows, bringing into question whether President Donald Trump's tariffs ...