Ship traffic through the Strait of Hormuz is falling sharply as vessels avoid the Gulf following U.S.–Israel strikes on Iran, pushing oil prices to a 19-month high on fears of supply disruptions.
All posts in Trade and tariffs
U.S. trade deficit jumps 95% in November as imports outpace exports
The U.S. trade deficit nearly doubled in November, jumping 95% as imports rose faster than exports, highlighting renewed volatility tied to tariffs and shifting trade flows.
Trump threatens 10% tariffs on eight NATO allies amid Greenland dispute
President Donald Trump said the U.S. will impose a 10% tariff on imports from eight European countries starting February 1, tying the move to opposition over Greenland.
U.S. Trade Deficit Narrows to the Smallest Gap Since May 2009
The U.S. trade deficit narrowed dramatically in October 2025, falling to $29.4 billion, the smallest monthly gap since May 2009, according to new data from the U.S. Census Bureau and Bureau of Economic Analysis. That represents a 39% drop from a revised $48.1 billion deficit in September.