The US imported more from Taiwan than China for the first time in decades as President Donald Trump’s tariffs reshape trade flows while a global boom in artificial intelligence fuels demand for tech products.
US purchases of goods from China plunged almost 44% in December from a year earlier to $21.1 billion, Commerce Department data showed Thursday. By contrast, shipments from Taiwan more than doubled during the same period to $24.7 billion.
Overall, the US trade deficit widened in December, capping a turbulent year of erratic tariff policy. The goods and services trade gap expanded from the prior month to $70.3 billion, Commerce Department data showed Thursday. The shortfall culminated in a full-year deficit of $901.5 billion, still one of the largest in data back to 1960. Bloomberg’s Brendan Murray breaks down the numbers.
Today’s guests:
Lale Akoner, eToro, Global Market Strategist; Timothy Richards, Vue Entertainment, Founder and CEO.
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse
00:00:29 – UK Private Sector Recovery Speeds up in February, PMI Shows
00:02:41 – US Amasses forces as Trump says Iran has just days for deal
00:06:38 – Oil hovers near 6-month high as Trump sets Iran deadline
00:11:48 – Anglo American CEO: Teck Resources merger on track
00:15:16 – Lale Akoner, eToro Global Market Strategist
00:23:00 – Friday headlines
00:23:33 – Trump says billions in aid, troops pledges for Gaza
00:27:07 – UK Private Sector Recovery Speeds up in February, PMI Shows
00:27:48 – US trade deficit in focus
00:31:31 – US-Europe diplomatic and economic tensions
00:33:44 – What’s the true value of Greenland?
00:35:36 – Ex-Prince Andrew released after arrest
00:41:14 – Tim Richards, Vue Entertainment CEO
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