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Trump and his tariffs are set to collide with a widening U.S. trade deficit. There’s no quick fix.
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.
Dollar down in choppy trade on Trump tariff confusion
The U.S. dollar was lower on Monday in choppy trading after conflicting reports about how aggressive President-elect Donald Trump's tariff plans could be when he takes office. The dollar dropped as much as 1.
Trump denies report about changes to tariff plans
President-elect Donald Trump denied a report about his transition team developing a tariff plan that would be more restrained than his campaign proposals.
Dollar tumbles on report of watered-down tariffs despite Trump pushback
"Welcome to the age of Trump 2.0," ING Economics said of the whiplash in the dollar after a report from The Washington Post and Donald Trump's response.
Dollar drops on reports Trump will scale back tariff plans
The dollar fell on Monday following reports that president-elect Donald Trump’s administration is considering watering down a campaign pledge to apply sweeping tariffs on import
8h
NBA trade rumors: Grizzlies told not to trade for Jimmy Butler
Miami Heat star Jimmy Butler wants to be traded before the Feb. 6 trade deadline, just not to the Memphis Grizzlies.
4h
on MSN
Trump trade uncertainty exposes stretched markets to volatility shocks: McGeever
U.S. financial markets last year were more sensitive to economic surprises than usual, and as Donald Trump prepares to begin ...
13h
on MSN
US Trade Deficit Widens on Largest Jump in Imports Since 2022
The US trade deficit widened in November, reflecting the biggest jump in imports since March 2022 as companies accelerated ...
17h
Who wants Jakob Poeltl? How about Bruce Brown? Exploring your Raptors trade ideas
This is a package the Grizzlies could use to try to upgrade the roster. Clarke and Kennard both have their uses as key ...
2d
on MSN
Warriors Trade Proposal Sees Golden State Land $30M Star
Golden State sits eighth in the Western Conference standings. If the season ended today, they would have to be in the play-in ...
14m
on MSN
China expands scope of consumer trade-ins for home appliances
China will expand the scope of home appliance trade-ins this year to 12 categories from the eight included last year, the ...
1d
Jimmy Butler trade scenarios: Warriors? Suns? Which landing spots make the most sense?
In my opinion, the Warriors continue to be the team rumored to be in the mix for Butler that makes the most sense. Stephen ...
1h
on MSN
Mets Could Trade For $14 Million Batting Champion If Pete Alonso Bolts
The New York Mets need to be ready to recover if Pete Alonso elects to betray New York and sign with another ball club.
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