Donald Trump has vowed to turbo-charge the U.S. economy, but it’s been expanding well above its typical speed for more than two years and it probably finished 2024 with another burst of strong growth.

The US merchandise-trade deficit widened in December to a record as the value of imports increased, highlighting a key issue that President Donald Trump aims to rectify in his second term.

The United States economy may shrink by 8% of gross domestic product (GDP). This will happen if US President Donald Trump succeeds in deporting all illegal immigrants from the United States, Bloomberg reports.

The USD/MXN pair continues its upward momentum for the second consecutive session, trading around 20.70 during Asian hours on Friday. The Mexican Peso (MXN) remains under pressure following renewed tariff threats from US President Donald Trump.

Gao’s sin? Saying that China may have grown just 2% over the last two or three years, less than half the rate Xi’s government claims. The reason Gao is allegedly being silenced is for shining a brighter-than-usual spotlight on one of the biggest perception problems facing Xi’s Communist Party: that China routinely cooks the GDP books.

Mexico's economy suffered its first contraction in three years in the fourth quarter of 2024, official figures showed Thursday, as the country braces for US President Donald Trump's threatened tariffs.

In virtual remarks to the annual meeting of the World Economic Forum in Davos, Switzerland, President Donald Trump on Thursday spouted many false or misleading economic claims. Here’s a quick rundown.

The American economy ended 2024 on a strong note - but inflation pressure remains. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at 2.3 percent the annual rate from October through December.

Trump has said members of the military alliance should spend 5% of their gross domestic product (GDP) on defence – a huge increase from the current 2% goal and a level that no NATO country, including the United States, currently achieves. Copyright 2025 Thomson Reuters.

Facing U.S. President Donald Trump's ongoing criticism about ... NATO's military investment benchmark of two per cent of gross domestic product within two years. That accelerated timeline to ...

U.S. President Donald Trump on Thursday said he was not sure the United States should be spending anything on NATO, telling reporters the U.S. was protecting NATO members, but they were "not protecting us.

Gold hit an all-time high as the dollar pushed lower and traders sought safety amid concerns over US president Donald Trump's tariff measures.Bullion surged as much as 1.4pc to $2,798.59 an ounce, surpassing its previous all-time high set in October.