The deficit has eased from its 2022 peak, yet imports still far exceed exports as strong consumer demand, a strong dollar, and supply chain shifts sustain a record-era trade gap.
All posts tagged tariffs
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.
Nvidia Becomes First Company Worth $5 Trillion as it solidifies its AI dominance
Despite U.S. tariff uncertainty and China’s ban on chips, the AI GPU leader, Nvidia continues to grow – all due to the strong demand for GPUs (graphics processing units) which it aims to fulfill through strategic partnerships. Its recent partnerships with South Korea’s top companies and its earlier $100 billion OpenAI deal are just the latest in NVIDIA’s long history of AI alliances.
Mapped: Where U.S. Furniture Trade Deficits Are Deepest as New Tariffs Take Effect
Beginning midnight, Oct. 14, 2025, imports of select wood and furniture items—including softwood, kitchen cabinets, bathroom vanities, and upholstered furniture—face new Section 232 tariffs, targeting imports of timber, wood products, furniture, and cabinetry.