
US trade deficit widens nearly 25% in December ahead of Donald Trump term
Live Mint- The US trade deficit widened sharply at the end of 2024 on a surge in imports prior to the start of Donald Trump’s second term as president and his follow-through on the promise of sweeping tariffs. The end-of-year flurry of imports was broad and included a surge in inbound shipments of industrial products that likely reflected efforts by US companies to secure products in advance of Trump’s tariffs. The latest trade data showed the US goods shortfall with Mexico narrowed slightly from a month earlier to a seasonally adjusted $15.2 billion in December, while the deficit with Canada widened to the largest since July 2022. Economists also say the trade deficit is driven largely by macroeconomics including high US consumption rates and a strong dollar that makes imports cheap and American exports more expensive.
History of this topic

High base effect: On a shrinking trade deficit, rising exports
The Hindu
India’s exports may face 3-3.5% hit from US tariffs, but trade diversification may cushion impact: SBI Research
Live Mint
US trade deficit hit a record high in January, Trump tariffs played a role
Firstpost
'India-US Trade Deal Aims To Reduce Tariffs, Increase Market Access': MEA After Trump’s Remarks
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Fact check: Trump wildly exaggerates trade deficits with Canada, Mexico, China and the EU
CNN
Trump tariffs reverberate through Mexico's industrial belt
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How Trump's Tariffs Will Disrupt Key Industries in Mexico
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Trump’s tariffs could plunge Mexico and Canada into a recession
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US, Mexico, China & Canada begin tit-for-tat trade wars
New Indian Express
How will Trump’s tariffs impact Mexico and Canada’s exports?
Al Jazeera
Japan’s Exports Rise at a Faster Clip With Trump Tariffs Looming
Live Mint
India’s goods trade deficit widened to $22.99 billion in January—a two-month high
Live Mint
January trade deficit widens to $23 bn as exports dip by 2.38% on year
The Hindu
Punitive US tariffs can flip exports down by 3-3.5% or eat 50 bps off GDP: SBI Research
New Indian Express
India’s trade deficit likely to come down by over USD 1 billion from USD 21.94 billion in December
Op India
Trump threatens reciprocal tariffs against other countries
NPR
Trump to impose new 25% tariff on US steel, aluminum imports
Hindustan Times
What it means to have a high trade deficit — and why it's not always a bad thing
NPR
US trade deficit swells to $918.4 bn in 2024: What will be Trump's next move?
Firstpost
US trade deficit swells to $918.4 bn in 2024: What will be Trump's next move?
Firstpost
U.S. trade gap swells as Trump renews scrutiny of deficits
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As India waits and watches, a plan is in the making to counter Trump’s tariff challenge
Firstpost
As India waits and watches, a plan is in the making to counter Trump’s tariff challenge
Firstpost
Donald Trump excludes India in new tariffs, imposes on China, Mexico and Canada
Hindustan Times
Japan’s exports hit record high, but trade deficit continues
Associated Press
India's Trade Deficit Narrows in December to $21.94 Billion
Deccan Chronicle
U.S. importers rush in goods from China as Trump tariff threat looms
The Hindu
India’s trade deficit declines to $21.94 bn in December
Live Mint
US importers rush in goods from China as Donald Trump’s tariff threat looms
Live Mint
China's exports in December up 10.7%, beating estimates as higher U.S. tariffs loom
The Hindu
China’s exports in December up 10.7%, beating estimates as higher US tariffs loom
Associated Press
China’s export surge amid trade tensions
CNN
China’s exports in December up 10.7 per cent, beating estimates as higher US tariffs loom
New Indian Express
Services exports save the day for India’s current account deficit in September quarter
Live Mint
Vivek Kaul: Trump’s tariffs won’t kill the dollar’s exorbitant privilege
Live Mint
India’s trade braces for an action-packed 2025
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Rahul slams govt over trade deficit touching all-time high
Deccan Chronicle
US tariffs on China unable to stop China trade growth
China Daily
US tariffs on China unable to stop China trade growth
China Daily
Record trade deficit adds to rupee’s challenges, may open to all-time low
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Trade deficit at a record $38bn as gold imports rise
Hindustan Times
Trade deficit widens to a new high of $37.84 bn in Nov
Deccan Chronicle
India’s Trade Deficit Widens to Record as Gold Demand Soars
Live Mint
Trade War Widened US Trade Deficit, Increased Chinese Global Exports
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What Trump’s pledge to redo his own trade agreement with Canada and Mexico could mean
CNN
Turning tide: On the export rebound
The Hindu
India’s trade deficit with China soars during April-October despite import curbs
Live Mint
Merchandise exports in Oct up 17 pc
Deccan Chronicle
India’s goods trade deficit widens to $27 billion in October
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