The U.S. imported more goods and services than it exported — around $70 billion worth — in December, according to new data from the U.S. Bureau of Economic Analysis.
There's already a framework in place to prioritize strategic industries like shipbuilding and AI. A group of advisors will make recommendations and President Trump will make the final selection.
The Trump administration’s tariffs are likely to slow down the U.S. economy, making U.S. companies and government bonds a less attractive asset. International investors have started to think about investing elsewhere.
Sales of U.S. services to other countries help to redress the balance, along with foreign institutions that invest in the American stock market and debt.