United States Department of Commerce

Record high imports pressure US trade deficit

The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats, which might have prompted businesses to rush purchases of foreign-made goods like finished metals and computers.

POLITICO on MSN · 4h

Trump’s nemesis, the US trade deficit, hit record high in 2024

The Commerce Department report also showed the United States ran record bilateral trade deficits with Mexico, Vietnam, India, Taiwan, South Korea and the 27-nation European Union.

Newsweek on MSN · 4h

US Trade Deficit Widens Significantly Ahead of Trump Tariffs

The U.S. trade deficit hit near-record levels in late 2024 as America's trading partners prepare to navigate Trump's tariffs.

Reuters on MSN · 4h

Record High Imports Sharply Widen US Trade Deficit in December

WASHINGTON (Reuters) -The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats, which might have prompted businesses to rush purchases of foreign-made goods like metals and computers.

MarketWatch on MSN · 6h

U.S. trade deficit hits second highest level ever as Trump weighs more tariffs

The trade deficit surged in December and the U.S. finished 2024 with the second largest gap ever, perhaps in part because some businesses sought to bring in more imports before President Trump raised tariffs.

US Senate panel votes to advance Lutnick nomination to head Commerce Department

A U.S Senate committee voted on Wednesday to advance President Donald Trump's nominee Howard Lutnick to run the Commerce ...

Elon Musk is officially an employee of the US government — but he's not getting a paycheck

The White House confirmed to BI on Monday that Musk was a "special government employee" and was not receiving a paycheck.

MediaNama5d

US Dept of Commerce Investigating DeepSeek’s Use of Restricted Chips: Report

The United States Department of Commerce is looking into whether Chinese tech company DeepSeek used US chips, which are restricted from being exported to China, to support its operations ...

22h

Trump taps McKinsey lawyer to be general counsel at Commerce Department

President Donald Trump has nominated Pierre Gentin, chief legal officer of consulting firm McKinsey & Co, to serve as general ...

Silicon Valley Deal Maker to Join Commerce Dept.

Michael Grimes, a top banker at Morgan Stanley, would become the latest leading tech figure to join the Trump administration, ...

7don MSN

Trump’s Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 days

Billionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he ...

3hon MSN

US Senate panel advances Cantor Fitzgerald's Lutnick for Commerce Department chief

A U.S. Senate committee voted on Wednesday to advance President Donald Trump's nominee Howard Lutnick, billionaire chairman ...

Cfr.org9d

Former Secretary of Commerce Gina Raimondo Joins CFR as Distinguished Fellow

Today, the Council on Foreign Relations (CFR) announced that Gina Raimondo—the former U.S. secretary of commerce and governor of Rhode Island—will join CFR, based in its Washington, DC, office, as a ...

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