The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled ...

Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...

A closer look at trade data shows that fears of tariffs that never materialized—rather than actual tariffs—drove October’s trade deficit down.

The federal budget gap narrowed more sharply than forecasters anticipated in November, offering a rare piece of good news in a fiscal landscape still dominated by red ink. The monthly shortfall came ...