Harvard Professor and former IMF First Deputy Managing Director Gita Gopinath has strongly rebuked the enduring economic narrative that the U.S. dollar’s status as a global reserve currency is to ...

For every $100 billion increase in the trade deficit since 1975, U.S. household wealth has increased by an average of $76,000. In fact, inflation-adjusted average household net wo ...

Through President Donald Trump’s first full 10 months in office, the cumulative U.S. trade deficit in goods and services was down 3.9% from the same period in 2024. His claim that he has “slashed our ...

Terry Lane is a writer for Investopedia with 25 years of experience in journalism and communications. He covers personal finance, Congress, government regulations, and economics. Kent Nishimura / ...

For the fifth straight year, the U.S. merchandise trade deficit with the world topped $1 trillion, according to Census Bureau data released Thursday, despite President Trump’s best efforts to bring it ...