trade

What Is a Balance-of-Payments Deficit?

President Trump’s new tariffs were imposed under Section 122 of the Trade Act of 1974, which allows temporary import restrictions when the United States faces “fundamental international payments problems.”

Cranes and container ships at the Port of Long Beach in Long Beach, California, US, on Fri

U.S. Will Cut Tariffs on India to 18% in Trade Deal

The United States and India reached a trade agreement that will immediately lower American tariffs on Indian goods to 18 percent while opening India’s market to U.S. energy and other products, President Donald Trump announced Monday.

WASHINGTON, DC - FEBRUARY 13: U.S. President Donald Trump and Indian Prime Minister Narend