Raw Story

by Beiyi SEOW

The U.S. trade gap swelled last year to its second-largest on record, government data showed Wednesday, as deficits come under the spotlight with President Donald Trump's return to the White House.

In 2024, the overall US trade deficit grew to $918.4 billion, widening 17 percent from 2023 as imports ballooned more than exports, said the Commerce Department.

The trade deficit in goods also reached a new record for the year, in official data going back to 1960.

The high figures could attract renewed scrutiny under the new U.S. administration, with Trump already threatening tariffs on major US partners over trade imbalances and other issues.

Over the weekend, Trump announced fresh duties on the United States' three biggest trading partners in goods -- Canada, Mexico and China -- before reaching deals with Canada and Mexico to halt the levies for a month as talks continued.

Chief among his justifications were concerns over illegal immigration and the flow of deadly fentanyl across US borders, but he has previously also pointed to America's trade deficits with its neighbors.

Stock markets wavered as tariffs targeting Beijing came into effect Tuesday, with an accompanying suspension of duty-free exemptions for low value parcels sparking worry.

With Beijing's announced retaliation, economies are on edge over the prospect of broadening trade wars.

For all of last year, imports jumped by 6.6 percent or $253.3 billion while exports increased 3.9 percent by $119.8 billion.

Driving the growth in goods exports were products like computer accessories and semiconductors, while travel was a key factor behind services exports growth.

Imports surged on the back of goods like consumer goods, computers and semiconductors, as well as foods.

- Uncertain path ahead -

"Looking forward, the path for trade remains uncertain due to the capricious nature of the Trump administration's tariff policies," said Matthew Martin, senior economist at Oxford Economics.

"While Mexico and Canada may be spared, the tariffs on China stuck and we expect the European Union to be next in the cross-hairs," he added in a note.

Martin expects computer and electronic products from China would likely be impacted the most, adding that there are risks involving chemicals and manufacturing equipment from the EU.

For all of 2024, the goods deficit with China -- a major issue during Trump's first administration -- came in at $295.4 billion.

This was wider than values for the trade gap with North American neighbors Canada and Mexico combined, and more than the gap with the EU as well, according to government numbers.

In December alone, the U.S. deficit rose by nearly 25 percent to $98.4 billion, said the Commerce Department.

The figure was slightly above the consensus estimate by Briefing.com of $98.0 billion.

Imports rose 3.5 percent to $364.9 billion while exports slipped 2.6 percent to $266.5 billion for the month.

"The jump in import volumes may reflect companies efforts to accelerate imports to beat Trump import threats," said Carl Weinberg and Mary Chen, of High Frequency Economics.

But they added it was hard to prove, given that strong exports also indicate "a fast-growing economy that is near its full potential level of output."

Trump has threatened tariffs on the EU, previously saying they had treated Washington "very badly."

© Agence France-Presse

CNN's normally stoic Dana Bash made fun of the Republican leadership on Wednesday morning as they stammered and fled reporters seeking a comment on Donald Trump's plan to occupy Gaza by moving 2 million Palestinians out.

The president set off a firestorm on Tuesday during a press conference where he said he thought it would be a great idea for the U.S. to make the war-torn Gaza Strip the "Riviera of the Middle East."

To the delight of Israeli Prime Minister Benjamin Netanyahu, Trump told reporters, "The U.S. will take over the Gaza Strip, we'll own it, and be responsible for dismantling all of the dangerous unexploded bombs and other weapons on the site … level it out, create an economic development that will supply unlimited numbers of jobs and housing for the people of the area," before adding, "I do see a long-term ownership position."

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Late Tuesday and early Wednesday, Trump's proposal had Republicans scrambling.

On CNN, "Inside Politics" host Bash showed a clip of House Majority Leader Mike Johnson (R-LA) searching for words as he told reporters, "A — look, there'll be more details forthcoming on that, of course. The initial announcement yesterday, I think, was greeted by surprise by many, but cheered by, I think, people all around the world."

In a subsequent clip, Senate Majority Leader John Thune (R-SD) didn't fare much better as he fled into a room while using his aides as human shields to keep reporters away. Thune could be heard saying, "... a more peaceful and secure Middle East ––put some ideas out there," as he threw his hands up.

"Homina, homina, I think is another way to say it," Bash smirked as the clip ended. and her panel laughed.

Prior to the clips running Bash pepped her audience, by explaining, "Well, it's a good thing that John Thune, the Senate Majority Leader, is a runner, so he does stretch every morning. I'm not sure about Mike Johnson, but he's definitely more of a yoga guy."

Watch below or at the link here.

Two U.S. biotech companies say the Food and Drug Administration has cleared them to conduct clinical trials of their gene-edited pig kidneys for human transplants.

United Therapeutics along with another company, eGenesis, have been working since 2021 on experiments implanting pig kidneys into humans: initially brain-dead patients and more recently living recipients.

Advocates hope the approach will help address the severe organ shortage. More than 100,000 people in the United States are awaiting transplants, including over 90,000 in need of kidneys.

United Therapeutics's approval, announced Monday, allows the company to advance its technology toward a licensed product if the trial succeeds.

The study authorization was hailed as a "significant step forward in our relentless mission to expand the availability of transplantable organs," by Leigh Peterson, the company's executive vice president.

The trial will initially enroll six patients with end-stage renal disease before expanding to as many as 50, United Therapeutics said in a statement. The first transplant is expected in mid-2025.

Meanwhile, rival eGenesis said it had received FDA approval in December for a separate three-patient kidney study.

"The study will evaluate patients with kidney failure who are listed for a transplant but who face a low probability of receiving a deceased donor offer within a five-year timeframe," the company said.

Early experiments in primates faltered, but advances in gene editing and immune system management have brought the field closer to reality.

Pigs have emerged as ideal donors: they grow quickly, produce large litters, and are already part of the human food supply.

United Therapeutics said trial patients would be monitored for life, assessing survival rates, kidney function, and the risk of zoonotic infections -- diseases that jump from animals to humans.

Currently, there is only one living human recipient of a pig organ: Towana Looney, a 53-year-old from Alabama who received a United Therapeutics kidney on November 25, 2024.

She is also the longest-surviving recipient, having lived with a pig kidney for 71 days as of Tuesday. David Bennett of Maryland received a pig heart in 2022 and survived 60 days.

© Agence France-Presse

White House Press Secretary Karoline Leavitt announced Tuesday that the first flights carrying migrants to be housed at Guantanamo Bay were officially "underway."

During an interview on Fox Business, Leavitt insisted that President Donald Trump was not "messing around" with his plan to eradicate migrants from the United States.

"He's no longer going to allow America to be a dumping ground for illegal criminals from nations all over this world," she told Fox Business host Stuart Varney.

"Venezuela as well has agreed to repatriation flights and Colombia also agreed to cooperate with the repatriation of illegal Colombian nationals that we have found in the interior of our country," she added. "And I can also confirm that today the first flights from the United States to Guantanamo Bay with illegal migrants are underway."

At a ceremony last week, Trump first announced a plan to send immigrants and migrants who were in the country illegally to a detention center at Guantanamo Bay.

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Leavitt also threatened to prosecute New Jersey Gov. Phil Murphy (D) if he was found to be housing an undocumented immigrant in his home. The governor recently walked back claims that he had invited an immigrant to live with him.

"I will say that this administration will hold Democrat governors and leaders across the country accountable if they break the law, if they harbor illegal aliens, or if they are not abiding by the federal immigration laws," Leavitt warned.

Watch the video below from Fox Business.

A former U.S. State Department employee under the first Trump administration is urging current federal workers to take an offered buyout and flee Washington.

Chuck Park served as a diplomat for 10 years before quitting the Foreign Service in disgust in 2019. Park wrote an opinion piece for The Washington Post then to explain his decision, and is now urging other government employees in the second Trump administration to follow his lead.

In a new opinion piece, Park references the "Fork in the road" email sent by "First Buddy" Elon Musk on Jan. 28, urging federal employees to consider taking a "deferred resignation offer." Park writes in Tuesday's piece, "Here’s my advice to civil servants: Take the fork."

"My breaking points were scenes of crying children at the border and a horrific episode of violence against immigrants in El Paso. Now the nation seems poised to repeat such cruelties," Park writes, adding that his vehement opposition to the first administration's policies was his signal to leave.

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Park argues, "It isn’t noble to resist from within. It’s not public service to hide and bide your time within the vast machinery, ticking down the days until the next presidential election or the day your pension kicks in. If you can’t execute this administration’s policies (the lawful ones, that is), then it is your duty to leave. To be a part of some hostile 'deep state' or mire the administration in 'the swamp' only erodes Americans’ faith in government. That’s part of what got us here in the first place.'"

Quitting is not the same thing as surrendering, according to Park, and pursing his passion to fight for immigrants' rights became "the most powerful resistance."

"Many civil servants played heroic, steadying roles in the first Trump transition, from securing nuclear material to forecasting destructive hurricanes," Park writes. "This time around, the difference is that the president has two hands firmly on the steering wheel. His administration is moving with intention, not abandon. And it’s the responsibility of Congress, the courts and civil society — not the executive agencies — to resist his dangerous lurches."

Read The Washington Post opinion piece here.

Although President Donald Trump and his White House are trying to spin his decision to back off slapping Canada and Mexico with massive tariffs as a triumph, Rep. Pat Ryan (D-NY) is pouring cold water on their exuberance.

Appearing on CNN, Ryan said that he agreed with a Wall Street Journal editorial that said that the president backed down from his threats against Mexico and Canada without gaining any significant concessions from the two countries.

"It's actually a rare moment that I agree with the Wall Street Journal that Trump got rolled here," he said. "The supposed wins that he's trumpeting and his press secretary is trumpeting were already in place. I mean, you guys have reported on this as well. These were agreed to in the previous administration."

He was referencing agreements from both countries to allocate troops to their borders with the U.S. — heralded as victories by Trump on Monday, but agreed to long before the tariff discussions.

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Ryan then hammered Trump for stressing out small businesses by leveling trade threats against America's top two trading partners, all while allowing X owner Elon Musk to take direct control over the United States government's payment system.

"The president of the United States, in a pursuit of power for himself and more wealth for the folks in the front row of his swearing-in, ... is hurting everybody else, hurting the American people, blustering and making threats, sowing chaos and division, all while he's allowing the most powerful and rich person in the history of the world, Elon Musk, to have access to our personal private data in an unprecedented, unconstitutional way," he said. "And we need to be out there talking about that."

Watch the video below or at this link.

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