The latest economic numbers: Slow hiring, and not much impact from tariffs so far
Newsy
Ahead of President Trump's State of the Union address, the state of America's economy, from trade deficits to tariff impacts, is in the spotlight.
Ahead of President Trump's State of the Union address, the state of America's economy is in the spotlight.
America's trade deficit jumped to $70 billion in December, according to new data out Thursday, much of that fueled by a drop in gold exports.
Overall, last year's deficit was just over $900 billion, down just slightly from 2024.
Economists say President Trump's tariffs haven't substantially altered America's trade imbalance yet.
"This idea that were going to see a significant reduction in the trade deficit, especially over a short period of time — definitely not the case," said Abby Hall, Associate Professor of Economics at the University of Tampa.
A new study shows wide differences in airline drinking water safety, with some carriers getting failing grades and experts advising passengers to avoid onboard water not in sealed bottles.