US Runs Annual Trade Deficit Up to $901 Billion, One of Biggest Since 1960

Shall we take a little step back on the trade data. Because there's been a lot of volatility underneath the hood over the last 12 months. So let me just say, we've seen this widening in the deficit.Couple of things to remember, that the deficit narrowed a lot in the first half of last year. There was a lot of uncertainty about trade. Then all of that was unwound in the second half of the year.And now we're seeing some normalization in trade data finally. So it's been a very volatile 2025. Now, the next thin ...