The U.S. trade deficit reached a record high of more than $1.2 trillion in 2024. Automobiles and parts accounted for nearly a quarter of that. In a bid to reverse the trade imbalance, President Donald Trump in February introduced a plan to impose
The U.S. trade deficit reached a record high of more than $1.2 trillion in 2024. Automobiles and parts accounted for nearly a quarter of that. In a bid to reverse the trade imbalance, President Donald Trump in February introduced a plan to impose