JOURNAL ARTICLE

US Notches One of Its Biggest Annual Trade Deficits Since 1960.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Golle, Vince; Niquette, Mark 3 of 3

Abstract

The article focuses on the widening of the US trade deficit in December, which reached $70.3 billion, contributing to a full-year deficit of $901.5 billion, one of the largest since 1960. The increase in imports by 3.6% was contrasted by a 1.7% decline in exports, particularly in gold shipments. The trade data reflects the volatility of 2025, influenced by tariff policies under President Donald Trump, which aimed to reduce reliance on foreign goods and boost domestic investment. Notably, the trade deficit with China decreased significantly, while deficits with Mexico and Vietnam reached record highs. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/02, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2026
  • Accession Number:191725060
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