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Race to beat Trump tariffs sends US imports soaring

February 5, 2025
in Business
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Race to beat Trump tariffs sends US imports soaring
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The European Union, a target of Trump’s tariff threats, had the second largest gap.

By contrast, the US enjoyed a small surplus of $2.3bn in goods trade with the UK.

Overall, the trade deficit in the US, including services, rose 17% last year to a total of $918.4bn, as imports increased faster than exports.

In December, the trade deficit in goods and services was $98.4bn, the highest since March 2022, the Commerce Department said.

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