Photo of cargo cranes

US Trade Deficit Surges in July To Highest in 12 Years

WASHINGTON — The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount. The Commerce Department reported that the July deficit, the gap between what America buys and what it sells to foreigne...
Photo of Bernard Roques, a refiner of Societe company, smelling a Roquefort cheese as they mature in a cellar

Now Roquefort: US Eyes Tariffs on $2.4B in French Imports

WASHINGTON — The Trump administration is proposing tariffs on up to $2.4 billion worth of French imports — including Roquefort cheese, handbags, lipstick and sparkling wine — in retaliation for France’s tax on American tech giants like Google, Amazon and Faceb...
Photo of cargo cranes

US Trade Trade Deficit Falls to $52.5 Billion in September

WASHINGTON — The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum. The Commerce Department said Tuesday that the September gap between what Ameri...
Photo of a staff member works on a mobile phone production line

US Delays Tariffs on Some Chinese Goods, Drops Others

WASHINGTON — The United States is delaying tariffs on Chinese-made cellphones, laptop computers and other items and removing other Chinese imports from its target list altogether in a move that triggered a rally on Wall Street. The news sent the Dow Jones I...