President Donald Trump announced a trade deal July 22 with the Philippines, hours after the leader of the country paid a visit to the Oval Office ahead of an Aug. 1 reciprocal tariffs deadline. The Southeast Asian country would pay a 19% tariff, Trump said.

The deficit continued to widen ahead of Trump's "Liberation Day" slate of tariffs, which introduced reciprocal tariffs against dozens of U.S. trading partners. Those tariffs ranged from 10 percent to as high as 50 percent (which was applied to Lesotho).

U.S. Trade Representative Jamieson Greer said on Wednesday that his trade policy goal was to put the $1.2 trillion U.S. trade deficit on a downward path and to stem the loss of U.S. advanced manufacturing capacity.

President Donald Trump is expected to travel to Scotland in his 27th week back in the Oval Office, as well as continue ironing out trade deals ahead of the Aug 1 deadline.

Indonesia has agreed to eliminate tariffs on over 99% of its trade with the U.S., while the U.S. will cut tariffs on Indonesian products. Non-tariff barriers and export restrictions will be removed, benefiting U.

The nation's trade deficit shrank 19% in April to $87.1 billion as exports rebounded and imports fell, but the U.S. is still on track to post another record trade gap in 2022.

The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.

India's trade deficit narrows in June 2025, with exports surpassing imports, aided by government schemes and FTAs.

The trade deficit or surplus is part of the way total spending in the US economy is calculated. In an appendix for those who want further analysis, ...

India's merchandise trade deficit narrowed in June due to a sharp fall in imports, even as the value of exports slipped to a seven-month low following a drop in global commodity prices, data released on Tuesday showed.

ISLAMABAD: Pakistan’s trade deficit with nine neighbouring countries expanded by 29.42 per cent in FY25, rising