The causes? The trade war and a slowing global economy.
The Trump administration’s 25 percent tariff on imported steel has triggered retaliation from U.S. trading partners such as Canada, the European Union, and China. But over the past few months, Japan, which has also been a target of U.S. tariffs, and which runs a $69 billion trade surplus with the U.S. (the third-largest trade imbalance […]
The U.S. buys more from China, Mexico and Russia than it sells. Here's a closer look at those relationships.