U.S. trade deficit hits second highest level ever as Trump weighs more tariffs​on February 5, 2025 at 2:31 pm

The trade deficit surged in December and the U.S. finished 2024 with the second largest gap ever, perhaps in part because some businesses sought to bring in more imports before President Trump raised tariffs.The trade deficit surged in December and the U.S. finished 2024 with the second largest gap ever, perhaps in part because some businesses sought to bring in more imports before President Trump raised tariffs.   The trade deficit surged in December and the U.S. finished 2024 with the second largest gap ever, perhaps in part because some businesses sought to bring in more imports before President Trump raised tariffs.