U.S. exports of goods and services to the world also hit a record, reaching $3.2 trillion in 2024. That was driven by historic sales of U.S. services, like business and financial advising, as well as foreign spending on travel in the United States.

The U.S. trade deficit widened sharply in December as imports surged to a record high against the backdrop of tariff threats. The trade gap increased 24.7% to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said on Wednesday.

The U.S. trade deficit hit near-record levels in late 2024 as America's trading partners prepare to navigate Trump's tariffs.

Dallas Mavericks fans shouldn't expect Kevin Durant to join Anthony Davis and Kyrie Irving in North Texas ahead of Thursday's 3 p.m. ET NBA trade

We've seen De'Aaron Fox push his way to San Antonio to team up with Victor Wembanyama. We've even seen a Caleb Martin for Quentin Grimes deal.There will be more before the 2025 NBA Trade Deadline on Thursday,