The United States recorded a trade deficit of 71.52 USD Billion in May of 2025. This dataset provides the latest reported value for - United States Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Taiwan's tariff talks with the U.S. aim to establish a zero-tariff regime, enhancing economic ties and reducing reliance on China, with strategic investments and global trade expansions.

This study explains how the economy affects the foreign policy rhetoric used by American presidents. When economic conditions deteriorate, presidents criticize foreign nations to boost their approval ratings. Presidents use this "diversionary cheap talk" in response to the misery index of unemployment plus inflation, which poses a unique threat to their popularity. They target historical rivals, which make intergroup distinctions most salient. Diversionary cheap talk is most influential for and most frequently used by Democratic presidents, whose non-core constituents prefer hawkish foreign policy but already expect it from Republican presidents. I test the observable implications of the theory with the American Diplomacy Dataset, an original record of 50,000 American foreign policy events between 1851 and 2010 drawn from a corpus of 1.3 million New York Times articles.

Japan's PM Ishiba and President Trump agree on the importance of productive tariff negotiations, focusing on investment and economic ties while addressing U.S. tariffs on Japanese exports.

This data package includes the underlying data to replicate the charts, tables, and calculations presented in The US Revenue Implications of President Trump’s 2025 Tariffs, PIIE Briefing 25-2.

If you use the data, please cite as:

McKibbin, Warwick, and Geoffrey Shuetrim. 2025. The US Revenue Implications of President Trump’s 2025 Tariffs. PIIE Briefing 25-2. Washington: Peterson Institute for International Economics.

The main stock market index of United States, the US500, rose to 6391 points on July 31, 2025, gaining 0.45% from the previous session. Over the past month, the index has climbed 3.12% and is up 17.34% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from United States. United States Stock Market Index - values, historical data, forecasts and news - updated on July of 2025.

Gallup's Economic Confidence Index is based on the combined responses to two questions, the first asking Americans to rate economic conditions in this country today, and second, whether they think economic conditions in the country as a whole are getting better or getting worse. Results are based on telephone interviews with approximately 3,500 national adults; margin of error is ±2 percentage points.

Japan aims to enhance its economic ties with the US by proposing cooperation on rare earth minerals, semiconductors, and shipbuilding, amid global trade tensions.

The DXY exchange rate rose to 99.9812 on August 1, 2025, up 0.01% from the previous session. Over the past month, the United States Dollar has strengthened 3.31%, but it's down by 3.13% over the last 12 months. United States Dollar - values, historical data, forecasts and news - updated on August of 2025.

Oil prices stabilize after a decline, influenced by US economic signals, trade tensions, and Iran talks. Brent crude sees its largest monthly drop since 2022, with market indicators suggesting a tightening oil market.

China recorded a trade surplus of 114.77 USD Billion in June of 2025. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

View data of PCE, an index that measures monthly changes in the price of consumer goods and services as a means of analyzing inflation.

The US and Ukraine have signed a crucial minerals agreement, enhancing economic ties and supporting Ukraine's recovery amid ceasefire talks with Russia.

By April 2026, it is projected that there is a probability of ***** percent that the United States will fall into another economic recession. This reflects a significant decrease from the projection of the preceding month.

The yield on US 10 Year Note Bond Yield rose to 4.38% on July 30, 2025, marking a 0.05 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.14 points and is 0.34 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. US 10 Year Treasury Bond Note Yield - values, historical data, forecasts and news - updated on July of 2025.

Judgement on American and Soviet foreign policy. Attitude to selected countries and NATO. Topics: Most important problems of the country; attitude to France, Germany, Great Britain, the USSR and the USA as well as perceived changes in the last few years; assumed reputation of one´s own country abroad; trust in the USA and the USSR to solve world problems; judgement on the agreement of words and deeds in foreign policy as well as the seriousness of the peace efforts of the two great powers; the USSR or the USA as current and as future world power in the military and scientific area as well as in space research; benefit of space travel; attitude to a strengthening of space flight efforts; knowledge about the landing on the moon; necessity of NATO; trust in NATO; judgement on the contribution of one´s own country to NATO; preference for acceptance of political functions by NATO; attitude to a reduction in US soldiers stationed in Western Europe; expected reductions of American obligations in Europe; probability of European unification; desired activities of government in the direction of European unification; preference for a European nuclear force; judgement on the disarmament negotiations between the USA and the USSR; expected benefit of such negotiations for one´s own country and expected consideration of European interests; increased danger of war from the new missile defense systems; prospects of the so-called Budapest recommendation; attitude to the American Vietnam policy; negotiating party that can be held responsible for the failure of the Paris talks; sympathy for Arabs or Israelis in the Middle East Conflict; preference for withdrawal of the Israelis from the occupied territories; attitude to an increase in the total population in one´s country and in the whole world; attitude to birth control in one´s country; attitude to economic aid for lesser developed countries; judgement on the influence and advantageousness of American investments as well as American way of life for one´s own country; autostereotype and description of the American character by means of the same list of characteristics (stereotype); general attitude to American culture; perceived increase in American prosperity; trust in the ability of American politics to solve their own economic and social problems; judgement on the treatment of blacks in the USA and determined changes; proportion of poor in the USA; comparison of proportion of violence or crime in the USA with one´s own country; general judgement on the youth in one´s country in comparison to the USA; assessment of the persuasiveness of the American or Soviet view; religiousness; city size. Also encoded was: length of interview; number of contact attempts; presence of other persons during the interview; willingness of respondent to cooperate; understanding difficulties of respondent. Beurteilung der amerikanischen und sowjetischen Außenpolitik. Einstellung zu ausgewählten Ländern und zur Nato. Themen: Wichtigste Probleme des Landes; Einstellung zu Frankreich, Deutschland, Großbritannien, UdSSR und USA sowie wahrgenommene Veränderungen in den letzten Jahren; vermutetes Ansehen des eigenen Landes im Ausland; Vertrauen in die USA und die UdSSR zur Lösung der Weltprobleme; Beurteilung der Übereinstimmung von Worten und Taten in der Außenpolitik sowie der Ernsthaftigkeit der Friedensbemühungen der beiden Großmächte; UdSSR oder USA als derzeitige und als künftige Weltmacht im militärischen, wissenschaftlichen Bereich sowie in der Weltraumforschung; Nutzen der Weltraumfahrt; Einstellung zu einer Verstärkung von Raumfahrtanstrengungen; Kenntnisse über die Mondlandung; Notwendigkeit der Nato; Vertrauen in die Nato; Beurteilung des Beitrags des eigenen Landes zur Nato; Präferenz für die Übernahme politischer Funktionen durch die Nato; Einstellung zu einer Verringerung der stationierten US-Soldaten in Westeuropa; erwartete Einschränkungen der amerikanischen Verpflichtungen in Europa; Wahrscheinlichkeit einer europäischen Vereinigung; gewünschte Aktivitäten der Regierung in Richtung europäische Einigung; Präferenz für eine europäische Atomstreitmacht; Beurteilung der Abrüstungsverhandlungen zwischen den USA und der UdSSR; erwarteter Nutzen solcher Verhandlungen für das eigene Land und erwartete Berücksichtigung der europäischen Interessen; erhöhte Kriegsgefahr durch die neuen Raketenabwehrsysteme; Aussichten des sogenannten Budapest-Vorschlags; Einstellung zur amerikanischen Vietnam-Politik; Verhandlungspartei, der die Mißerfolge der Pariser Gespräche zugeschrieben werden; Sympathie für die Araber oder Israelis im Nahost-Konflikt; Präferenz für einen Abzug der Israelis aus den besetzten Gebieten; Einstellung zu einer Erhöhung der Bevölkerungszahl im eigenen Land und auf der ganzen Welt; Einstellung zu einer Geburtenkontrolle im eigenen Land; Einstellung zur Wirtschaftshilfe an weniger entwickelte Länder; Beurteilung des Einflusses und der Vorteilhaftigkeit amerikanischer Investitionen sowie amerikanischer Lebensart für das eigene Land; Autostereotyp und Beschreibung des amerikanischen Charakters anhand der gleichen Eigenschaftsliste (Stereotyp); allgemeine Einstellung zur amerikanischen Kultur; wahrgenommene Steigerung des amerikanischen Wohlstands; Vertrauen in die Kompetenz amerikanischer Politik zur Lösung ihrer eigenen wirtschaftlichen und sozialen Probleme; Beurteilung der Behandlung von Schwarzen in den USA und festgestellte Veränderungen; Armenanteil in den USA; Vergleich des Gewaltanteils bzw. der Kriminalität in den USA mit dem eigenen Land; allgemeine Beurteilung der Jugend im eigenen Land im Vergleich zu den USA; Einschätzung der Überzeugungskraft amerikanischer bzw. sowjetischer Anschauung; Religiosität; Ortsgröße. Zusätzlich verkodet wurde: Interviewdauer; Anzahl der Kontaktversuche; Anwesenheit anderer Personen beim Interview; Kooperationsbereitschaft des Befragten; Verständnisschwierigkeiten des Befragten.

The Long Depression was, by a large margin, the longest-lasting recession in U.S. history. It began in the U.S. with the Panic of 1873, and lasted for over five years. This depression was the largest in a series of recessions at the turn of the 20th century, which proved to be a period of overall stagnation as the U.S. financial markets failed to keep pace with industrialization and changes in monetary policy. Great Depression The Great Depression, however, is widely considered to have been the most severe recession in U.S. history. Following the Wall Street Crash in 1929, the country's economy collapsed, wages fell and a quarter of the workforce was unemployed. It would take almost four years for recovery to begin. Additionally, U.S. expansion and integration in international markets allowed the depression to become a global event, which became a major catalyst in the build up to the Second World War. Decreasing severity When comparing recessions before and after the Great Depression, they have generally become shorter and less frequent over time. Only three recessions in the latter period have lasted more than one year. Additionally, while there were 12 recessions between 1880 and 1920, there were only six recessions between 1980 and 2020. The most severe recession in recent years was the financial crisis of 2007 (known as the Great Recession), where irresponsible lending policies and lack of government regulation allowed for a property bubble to develop and become detached from the economy over time, this eventually became untenable and the bubble burst. Although the causes of both the Great Depression and Great Recession were similar in many aspects, economists have been able to use historical evidence to try and predict, prevent, or limit the impact of future recessions.

Foreign Relations. Relations of country to the USA. Combatting international terrorism. Topics: most important issue currently facing own country; attitude towards the amount of expenditure for different government programs; attitude towards the amount of defense spending and economic aid to other nations by the US; knowledge of US president´s name; assessment of influence of the USA, Russia, Germany, China, Great Britain, France and the European Union in the world (0 to 10 scale); attitude towards strong leadership in world affairs by the USA and by the European Union; economic or military strength more important for overall power and influence in the world; support for an active role of own country in international politics; assessment of the George W. Bush administration´s handling of foreign policy in general, international terrorism, the Arab/Israeli conflict, Iraq, global warming, Afghanistan and its relations with Europe (4-point scale); importance of European Union and the USA for vital interests of own country; personal preference of superpower status for the European Union and/or the USA; preferred role of the European Union in international politics; willingness to accept increase in military expenditures for European superpower status; assessment of different threats to the vital interests of own country or Europe: political instability in Russia, economic competition from the USA, development of China as a world power, Islamic fundamentalism, international terrorism, rising number of immigrants and refugees, global warming, globalization, Arab/Israeli conflict, Iraqi weapons of mass destruction, tensions between India and Pakistan; 100-point sympathy temperature scale for the USA, Russia, Germany, Israel, Great Britain, France, the European Union and Iraq; attitude towards NATO´s importance for own country´s security; attitude towards the expansion of NATO to include any of the following countries: Rumania, Slovakia, Bulgaria, Slovenia, Lithuania, Estonia, Latvia and Russia; knowledge of the location of NATO headquarters; attitude towards the use of own country´s military to ensure the supply of oil, to destroy terrorist camps, to bring peace to civil war areas, to liberate hostages, to help relieve famines, to uphold international law; attitude towards Europe focusing on economic development and humanitarian assistance and the US specializing in military interventions; attitude towards a US invasion of Iraq and the overthrow of Saddam Hussein; attitude towards involvement of own country´s troops in possible military action in Iraq; support for the establishment of an independent Palestinian state; support for more involvement of own country and the USA in the Middle East talks even at the price of increased political and economic costs; attitude towards different measures to combat terrorism; attitude towards blaming American foreign policy for September 11 attacks; US genuinely trying to protect itself from further attacks or using the attacks to enforce its will around the globe; attitude towards strengthening international institutions; assessment of trade relations with the USA and Japan; support for the use of biotechnology or genetic manipulation in agriculture and food production; globalization good or bad for: own country´s economy, strengthening of poor countries´ economy, maintaining cultural diversity, own standard of living. Demography: sex, age (categorized), school education, self-placement on a left-right continuum, party preference; voting intention (Sonntagsfrage); occupation; number of persons older than 17 in household (reduced size of household). Additional variables: region, social class, size of hometown, area of residence; size of municipality. Internationale Beziehungen. Verhältnis des Landes zu den USA. Terrorbekämpfung. Themen: Wichtigste derzeitige Problematik; Einstellung zur Ausgabenhöhe ausgewählter Regierungsprogramme; Einstellung zur Höhe der Rüstungsausgaben und der wirtschaftlichen Hilfe für andere Nationen in den USA; Kenntnis des Namens des Präsidenten der Vereinigten Staaten; Einschätzung des weltweiten Einflusses der USA, Russlands, Deutschlands, Chinas, Großbritanniens, Frankreichs und der Europäischen Union (Skalometer); Einstellung zu einem Führungsanspruch der USA und der Europäischen Union in der internationalen Politik; wirtschaftliche Stärke oder militärische Stärke entscheidend für Macht und Einfluss eines Landes; Übernahme einer aktiven Rolle des eigenen Landes in der internationalen Politik; Beurteilung der amerikanischen Regierung unter George W. Bush bezüglich der Außenpolitik, des internationalen Terrorismus, des Irak-Konflikts, der globalen Erwärmung, des Krieges in Afghanistan und der Beziehungen zu Europa (Skala); Präferenz für eine Orientierung an der Europäischen Union oder den USA; Einstellung zur Rolle der USA bzw. der Europäischen Union als Supermacht; gewünschte Entwicklung Europas zur Supermacht trotz höherer Militärausgaben; Einstufung ausgewählter Bedrohungen der Interessen des eigenen Landes bzw. Europas: politischer Tumult in Russland, wirtschaftlicher Wettbewerb seitens der USA, die Entwicklung von China zur Weltmacht, islamischer Fundamentalismus, internationaler Terrorismus, hohe Zahl von Einwanderern und Flüchtlingen, Treibhauseffekt, Globalisierung, militärischer Konflikt zwischen Israel und seinen arabischen Nachbarn, Entwicklung von Massenvernichtungswaffen durch den Irak sowie Spannung zwischen Indien und Pakistan; Sympathie-Skalometer (100-stufige Skala) für die USA, Russland, Deutschland, Israel, Großbritannien, Frankreich, die Europäische Union und den Irak; Einstellung zur Bedeutung der NATO für die Sicherheit; Einstellung zur Erweiterung der NATO um Rumänien, die Slowakei, Bulgarien, Slowenien, Litauen, Estland, Lettland sowie Russland; Kenntnis des Hauptsitzes der NATO; Einstellung zum Einsatz landeseigener Truppen zur Sicherung der Ölversorgung, des Friedensprozesses, des internationalen Rechts sowie gegen Terroristenlager, zur Geiselbefreiung und Beseitigung von Hungersnot; Einstellung zur Spezialisierung der USA bei Konflikten im militärischen Bereich und Europas im wirtschaftlichen und humanitären Bereich; Einstellung zum Einmarsch der USA in den Irak zum Sturz von Saddam Hussein; Einstellung zu einer Beteiligung des eigenen Landes an einer Militäraktion im Irak; Befürwortung der Errichtung eines unabhängigen Palästinenserstaates im West-Jordangebiet und dem Gaza-Streifen; Befürwortung einer stärkeren Verhandlungsbeteiligung der USA bzw. der Europäischen Union im Mittleren Osten um den Preis höherer politischer und wirtschaftlicher Kosten; Einstellung zu ausgewählten Maßnahmen der Terrorismusbekämpfung; amerikanische Außenpolitik als Mitverursacher des Anschlags vom 11. September; Anschläge als Rechtfertigung für Machtstreben der USA oder als Schutz vor weiteren Anschlägen; Einstellung zur Stärkung internationaler Institutionen; Beurteilung der USA und Japans als faire Handelspartner Europas; Befürwortung der Verwendung von Biotechnologie oder Genmanipulation in der Landwirtschaft und bei der Lebensmittelproduktion; Beurteilung der Globalisierung im Hinblick auf die Wirtschaft des eigenen Landes, die Schaffung von Arbeitsplätzen und die Stärkung der Wirtschaft in armen Ländern, die Aufrechterhaltung der kulturellen Vielfalt in der Welt und den eigenen Lebensstandard. Demographie: Geschlecht, Alter (klassiert); höchster Schulabschluss; Selbsteinstufung auf einem Links-Rechts-Kontinuum; Parteipräferenz (Sonntagsfrage); Beruf; Anzahl der Personen im Haushalt ab 18 Jahren. Zusätzlich verkodet wurde: Region; Schichtzugehörigkeit; Ortsgröße; Wohnumfeld; Gemeindegröße.

Oil prices remained stable on Monday amid Iran-U.S. nuclear talks and key economic data from China, with Brent and WTI futures showing minor changes.

The U.S. federal funds effective rate underwent a dramatic reduction in early 2020 in response to the COVID-19 pandemic. The rate plummeted from 1.58 percent in February 2020 to 0.65 percent in March, and further decreased to 0.05 percent in April. This sharp reduction, accompanied by the Federal Reserve's quantitative easing program, was implemented to stabilize the economy during the global health crisis. After maintaining historically low rates for nearly two years, the Federal Reserve began a series of rate hikes in early 2022, with the rate moving from 0.33 percent in April 2022 to 5.33 percent in August 2023. The rate remained unchanged for over a year, before the Federal Reserve initiated its first rate cut in nearly three years in September 2024, bringing the rate to 5.13 percent. By December 2024, the rate was cut to 4.48 percent, signaling a shift in monetary policy in the second half of 2024. In January 2025, the Federal Reserve implemented another cut, setting the rate at 4.33 percent, which remained unchanged throughout the following months. What is the federal funds effective rate? The U.S. federal funds effective rate determines the interest rate paid by depository institutions, such as banks and credit unions, that lend reserve balances to other depository institutions overnight. Changing the effective rate in times of crisis is a common way to stimulate the economy, as it has a significant impact on the whole economy, such as economic growth, employment, and inflation. Central bank policy rates The adjustment of interest rates in response to the COVID-19 pandemic was a coordinated global effort. In early 2020, central banks worldwide implemented aggressive monetary easing policies to combat the economic crisis. The U.S. Federal Reserve's dramatic reduction of its federal funds rate - from 1.58 percent in February 2020 to 0.05 percent by April - mirrored similar actions taken by central banks globally. While these low rates remained in place throughout 2021, mounting inflationary pressures led to a synchronized tightening cycle beginning in 2022, with central banks pushing rates to multi-year highs. By mid-2024, as inflation moderated across major economies, central banks began implementing their first rate cuts in several years, with the U.S. Federal Reserve, Bank of England, and European Central Bank all easing monetary policy.