President Donald Trump is a vocal opponent of the U.S. trade deficit and he believes tariffs are the method to reducing it; ...

In 2024, China hit the highest recorded global surplus of $992.16 billion. Other countries topping the trade surplus list are Germany, Ireland, Singapore, Saudi Arabia, Switzerland, Russia and Brazil.

In 2024, China hit the highest recorded global surplus of $992.16 billion. Other countries topping the trade surplus list are Germany, Ireland, Singapore, Saudi Arabia, Switzerland, Russia and Brazil.

What he has left out in his repeated criticisms is the trade surplus the US benefits from when it comes to his country’s service industry. Services make up about 70 percent of the US economy.