US trade deficit slipped to USD 901 billion last year amid Trump tariffs
Washington (AP): The US trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double digit tariffs on imports from most countries.
The gap the between the goods and services the US sells other countries and what it buys from them narrowed to just over USD 901 billion from USD 904 billion in 2024, the Commerce Department reported Thursday.
Exports rose 6 per cent last year, and imports rose nearly 5 per cent.
The trade gap surged from January-March as US companies tried to import foreign goods ahead of Trump's taxes, then narrowed most of the rest of the year.
Trump's tariffs are a tax paid by US importers and often passed along to their customers as higher prices.
But they haven't had as much impact on inflation as economists originally expected. Trump argues that the tariffs will protect US industries, bringing manufacturing back to America and raise money for the US Treasury.
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BJP vows to return to power in 2028 in Karnataka, attacks Cong at executive committee meet
Bengaluru (PTI): BJP leaders on Thursday launched a sharp attack on the Congress government in Karnataka and exuded confidence that the party would return to power in the 2028 Assembly elections.
The opposition party in Karnataka also passed four resolutions at its state executive committee meeting at the Palace Grounds here. It includes rampant corruption in the state, misuse of government funds, growing drug menace, agrarian problem and the garbage crisis in Bengaluru.
The party also hailed the Centre for introducing Viksit Bharat – Guarantee for Rozgar and Ajivika Mission (Gramin) (VB-G RAM G) replacing the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).
The executive committee welcomed the Centre's decision to give respect to 'Vande Mataram' song.
Addressing the meeting, BJP state president B Y Vijayendra alleged there was "zero development" in the state and claimed discontent within the ruling party.
"Let us work day and night to restore the BJP’s past glory in Karnataka," Vijayendra said, adding, "A situation has arisen where even MLAs of the ruling party may revolt against the government."
He alleged that law and order had completely deteriorated under Chief Minister Siddaramaiah-led Congress government in the state and referred to murders in Surathkal and Yellapur, claiming no compensation had been provided to the families of a Dalit woman in Yellapur and a Dalit man in Koppal.
He further alleged that Mysuru had become a narcotics hub and recalled the rape and murder of a 10-year-old girl during Dasara in the Chief Minister’s home district.
Vijayendra urged party workers to gear up for a series of upcoming elections, including local body polls, GBA elections and Assembly bypolls, and called for grassroots mobilisation to highlight the failures of the Congress government.
Inaugurating the meeting, Union Minister Gajendra Singh Shekhawat said, "This is not merely an organisational meeting but a meeting for introspection."
He described it as a gathering to strengthen the organisation and resolve to remove the corrupt government from power.
Expressing confidence about the party’s prospects, he said the BJP would form the government in Karnataka in 2028 with an overwhelming majority.
He criticised the Congress for the Emergency and alleged that the state had become "corrupt and financially bankrupt", referring to scandals, including MUDA. He also claimed there had been infighting over the Chief Minister’s post from the beginning and that public debt had risen sharply.
BJP National General Secretary and Karnataka in-charge Radha Mohan Das Agarwal said the party's victory in the 2028 Assembly elections was certain and objected to alleged attempts to curb RSS activities in the state.
He accused the government of favouring minorities over Scheduled Castes and termed it a "corrupt government".
Former Chief Minister B S Yediyurappa, who was felicitated for completing 50 years in active politics, called upon party workers to resolve to bring the BJP back to power "on our own strength" and to "uproot the corrupt Congress government".
Former Chief Minister D V Sadananda Gowda said it was Yediyurappa who had brought the BJP to power in Karnataka for the first time in South India and praised his role in strengthening the party.
Several senior leaders, including Union Ministers Pralhad Joshi, Shobha Karandlaje and V Somanna, and other state leaders were present at the meeting.
