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The Latest Breaking News from Deficit

Trump Tariffs Target These Industries With Big Trade Deficits; 4 Huge Tariff Deadlines Loom

Trump tariffs of 25% could hit three industries with big trade deficits as soon as April 2. That's on top of three other tariff deadlines.

Investors Business Daily

Japan's exports and imports grew in January, as tariff worries loom

Japan has recorded a trade deficit of 2.76 trillion yen, or $18 billion, in January, as worries continue to grow about impending tariffs from the administration of U.S. President Donald Trump

The Independent UK

Trump’s lurking assault on Canada rests on endless lies and irrational populism

United States President Donald Trump has temporarily put his trade war against Canada and Mexico on hold after vowing to slap 25 per cent tariffs on most Canadian and Mexican imports, although he’s imposed tariffs on all steel and aluminum, including from Canada.

The Conversation

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EU consumers don’t trust US goods: a look into Trump’s trade deficit claims

The US-EU trade war is gathering pace. Following the imposition of 25% US import tariffs on steel and aluminium from March 12, President Trump has announced further plans to introduce “reciprocal” tariffs on all countries on or after April 1. This means that the US would match other countries’ import…

The Conversation

Phoenix rise from the ashes to book NBL Playoffs spot

South East Melbourne erased a 20-point deficit against Adelaide to book their spot in the NBL Playoffs with an 85-75 win at John Cain Arena.

AAP

Trump tariffs: U.S. blames the VAT for Europe trade deficit

A value-added tax is not a tariff, but Trump blames it for America’s trade deficit with the European Union.

Fortune

In the struggle to get Britain working, the long shadow of austerity could be part of the problem

Austerity is an unusual economic concept. While it is one of the economic terms that attracts the most interest from the public, it remains controversial in policy debates. Advocates argue that reducing government deficits through spending cuts and tax increases restores confidence and stabilises economies. Critics, however, warn that these…

The Conversation

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Why Arsenal can take hope from history: A look at the Premier League’s biggest point chases

Liverpool opened up a nine-point gap at the top with their win over Everton – so what hope can Arsenal have of catching the Reds?

The Independent UK

GOP budget framework gets over initial hurdle in House - Roll Call

The House Budget Committee approved a fiscal framework that inches Republicans closer to their prized “big, beautiful” reconciliation bill.

Roll Call

Billionaire Ray Dalio warns America faces ‘economic heart attack’ if it doesn’t radically reduce U.S. fiscal deficit

The U.S. must slash its deficit to 3% from an expected 7.5% before the president’s second term in office ends, otherwise a death spiral will likely ensue.

Fortune

West African Crop Concerns Underpin Cocoa Prices

March ICE NY cocoa (CCH25 ) today is up +397 (+3.97%), and March ICE London cocoa #7 (CAH25 ) is up +175 (+2.19%). Cocoa prices today are sharply higher on West African cocoa crop concerns. Cocoa farmers in the Ivory Coast and Ghana, the world's two biggest cocoa-producing countries, said...

Barchart

Elon Musk Implausibly Claims 'Competence and Caring' Can Cut the Federal Budget Deficit in Half

The DOGE director wildly exaggerates what can be accomplished by tackling "waste, fraud, and abuse" in government spending without new legislation.

Reason

Dollar Strength Sparks Long Liquidation in Cocoa Futures

March ICE NY cocoa (CCH25 ) Wednesday closed down -125 (-1.23%), and March ICE London cocoa #7 (CAH25 ) closed down -55 (-0.68%). Cocoa prices Wednesday gave up an early advance and posted moderate losses after a rally in the dollar index (DXY00 ) to a 1-week high sparked long...

Barchart

Dollar Strength Weighs on Cocoa Prices

March ICE NY cocoa (CCH25 ) today is down -69 (-0.68%), and March ICE London cocoa #7 (CAH25 ) is down -2 (-0.02%). Cocoa prices today gave up an early advance and fell moderately after a rally in the dollar index (DXY00 ) to a 1-week high sparked long liquidation...

Barchart

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International Business Times

US Trade Deficits At Core Of Trump Tariff Moves

Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of US President Donald Trump's economic policy.

Basketball Insiders

The Bulls' 42-point deficit at halftime on Tuesday was tied for a team-record

The Bulls' 42-point deficit at halftime on Tuesday was tied for a team-record. Chicago lost 132-92 to the Pistons.

Roll Call

House budget blueprint ready for close-up amid GOP 'angst' - Roll Call

Lawmakers made clear that the resolution will likely undergo rewrites at the Budget Committee as Republicans continue to seek consensus.

The Independent UK

John Stones reveals Pep Guardiola message after latest Man City collapse: ‘We have to take accountability’

Guardiola’s side squandered yet another position of strength to concede a first-leg deficit in their Champions League play-off tie

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Barchart

Cocoa Prices Finish Sharply Higher on Excessive Dryness in West Africa

March ICE NY cocoa (CCH25 ) Tuesday closed up +417 (+4.29%), and March ICE London cocoa #7 (CAH25 ) closed up +261 (+3.35%). Cocoa prices rallied sharply on Tuesday on insufficient rain in West Africa. Cocoa farmers in the Ivory Coast and Ghana, the world's two biggest cocoa-producing countries, said...

Barchart

Insufficient West African Rains Spark Short Covering in Cocoa Futures

March ICE NY cocoa (CCH25 ) today is up +414 (+4.26%), and March ICE London cocoa #7 (CAH25 ) is up +242 (+3.10%). Cocoa prices today are sharply higher as insufficient rain in West Africa sparked short covering in cocoa futures. Cocoa farmers in the Ivory Coast and Ghana, the...

Roll Call

House GOP preps all-in-one budget blueprint for committee vote - Roll Call

House Republicans are plowing ahead with a budget resolution markup on Thursday before the chamber’s scheduled one-week recess begins.

The Guardian - UK

Why is Trump imposing tariffs and which countries will be hit hardest? - in charts

These graphics explain how the US trade deficit has changed, why Trump may be targeting certain countries with tariffs and what the impact could be

Barchart

Cocoa Prices Settle Lower on Demand Concerns

March ICE NY cocoa (CCH25 ) Monday closed down -304 (-3.03%), and March ICE London cocoa #7 (CAH25 ) closed down -117 (-1.48%). Cocoa prices fell sharply on Monday and held just above last Friday's 2-month lows. Cocoa prices have been under pressure over the past week on signs of...

Barchart

Demand Woes Pressure Cocoa Prices

March ICE NY cocoa (CCH25 ) today is down -331 (-3.30%), and March ICE London cocoa #7 (CAH25 ) is down -117 (-1.48%). Cocoa prices today are sharply lower and are holding just above last Friday's 2-month lows. Cocoa prices have been under pressure over the past week on signs...

Al Jazeera

Fact-check: Trump’s Super Bowl LIX interview with Fox’s Bret Baier

In his Super Bowl LIX interview, Trump addressed his administration’s economic aims. How accurate were his statements?

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