trade deficit

The Chairman and CEO of JPMorgan Chase & Co., Jamie Dimon, addressed the issues surrounding huge deficits, inflationary factors, and geopolitical risk in the U.S. economy while talking to Bloomberg Television at the Global China Summit in Shanghai. What Happened: While Dimon agreed with the...

Renowned economist Peter Schiff has issued a stark warning about the U.S. trade deficit, asserting that without the implementation of high tariffs, the only path to significantly reduce the deficit is through a major decline in the value of the U.S. dollar. What Happened: In a post on X, Schiff...

Hedge fund manager Spencer Hakimian calls out the “stupidity” of the current trade and tariff war, while pushing back against the notion that the United States is losing out in global trade. What Happened: Hakimian, the founder of New York-based hedge fund Tolou Capital Management,...

Economist Craig Shapiro has expressed skepticism regarding President Donald Trump’s trade policies, expressing concerns about tariff revenue not being able to fund the trade deficit, which is likely to widen after his proposed tax cuts. This is particularly following the exemption of...

The Last Week In A Nutshell What Happened: “The S&P 500 is up 1.3% month-to-date (through June 25), but has struggled to push higher as it moves towards its previous peak,” said Lindsey Bell, chief investment strategist for Ally Financial, Inc-owned (NYSE: ALLY) Ally Invest. “...

The U.S. trade deficit in goods widened to a record in December 2018 as a sizeable decline in goods exports was paired with a jump in goods imports. This reversed the decline in the deficit from the previous month, and the drop in goods exports sent yearly growth into negative territory for the...

The S&P 500 is down 5 percent this year despite tremendous year-over-year earnings growth. One of the primary factors weighing on the market: fear over the ongoing international trade war, particularly with China. President Donald Trump has repeatedly cited the U.S. trade deficit with China as...

President Donald Trump has a goal of reducing America's reliance on the import of foreign goods. By any measure, this won't be an easy task for the simple reason that the U.S. economy as a whole imports many more goods and services than it creates at home for export out of the country....

U.S. stocks declined on Tuesday after the Dow and S&P 500 closed near all time highs. Momentum names such as Twitter, Facebook, Tesla and others saw heavy losses. Not helping the cause was poor earnings by American International Group on Monday which dragged the financial sector lower....

The Commerce Department reported on Tuesday that the U.S. trade deficit, the dollar-value difference between American imports and exports, shrank 12.9 percent to $34.3 billion in November. The figure beat analyst expectations of a deficit of $40.00 billion. The deficit figure from October was...

The U.S. trade deficit widened in April from March as the growth in imports outpaced that of exports. Consumer goods imports saw a sharp increase in the month in a sign that the U.S. consumer may have bounced back in April following the release of tax rebates. For April, the Census Bureau reported...