US trade deficit hits record that will be a Trump target
1. America's trade deficit reached a record $1.2 trillion in 2024. 2. Imports peaked at $364.9 billion in December 2024. 3. Trump aims to close the deficit through tariffs on trading partners. 4. Significant deficits exist with China, Mexico, and Canada, targeted for tariffs. 5. Suspension of Canadian and Mexican tariffs aligns with protectionist trade policies.