US TRADE DEFICIT Soars: America’s $12 Trillion Nightmare Sparks Urgent Warnings
— The U.S. Treasury says America’s trade deficit has jumped to a record $1.2 trillion. This massive gap is raising alarms in Washington and with our allies overseas. Treasury Secretary Scott Bessent claims there was “substantial progress” in recent talks with China, but details are still under wraps.
U.S. and Chinese officials met in Geneva to try and cool tensions over the growing deficit. Both sides hinted at a new plan to fix the problem, but nothing concrete has been shared yet. U.S. Trade Representative Jamieson Greer described it as “a deal we struck with our Chinese partners,” giving some hope for fairer trade.
Japan’s finance minister added more pressure by warning Tokyo could use its $1 trillion in U.S. Treasury bonds as leverage if future disputes break out. This threat shows just how closely tied global markets are — and how risky America’s debt situation has become.
Secretary Bessent says the administration wants to “change course and get us out of the $36 trillion debt pathway.” Lawmakers from both parties agree that real action is needed now — not just promises — to protect America’s economic future and keep strong ties with allies like Japan and China.
