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International Business Times
International Business Times
Business

US Trade Gap Swells In 2024 As Deficits Under Fresh Scrutiny

The US trade deficit widened to $918.4 billion in 2024, said the Commerce Department (Credit: AFP)

The US trade gap swelled last year to nearly $920 billion, according to government data released Wednesday, as deficits come under the spotlight with President Donald Trump's return to the White House.

In 2024, the overall US trade deficit grew to $918.4 billion, widening 17 percent from 2023 as imports ballooned more than exports, said the Commerce Department.

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