Politicians claim that trade deficits are due to the lack of trade barriers. However, as Ludwig von Mises explained, one ...

US President Donald Trump has imposed new global tariffs after the Supreme Court struck down an earlier set of import taxes. To replace them, his administration announced a 10% tariff, later raised to ...

The tariffs began taking effect at midnight on Tuesday, shortly after collections under the International Emergency Economic Powers Act were halted following the Supreme Court ruling.

2025 was supposed to be the turning point. After nearly a trillion dollars in annual trade deficits, America was ready to ...

The fall October’s deficit relative to September’s is entirely due to swings in pharmaceutical imports and gold imports (and exports). Ironically, neither category has been subject to tariffs. Fear of ...

Through President Donald Trump’s first full 10 months in office, the cumulative U.S. trade deficit in goods and services was down 3.9% from the same period in 2024. His claim that he has “slashed our ...

One possible outcome of the Trump-Kim summit could be changes to the looming trade war with China. President Trump has long railed against our... What Is A Trade Deficit? And Why Does It Matter? One ...