US trade deficit declined in 2025, but gap for goods hits a record despite Trump tariffs

WASHINGTON (AP) – The U.S. 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. But the gap in the trade of goods such machinery and aircraft – the main focus of Trump’s protectionist policies – hit a record last year despite sweeping import taxes.

Tariffs paid by midsize US companies tripled last year

WASHINGTON (AP) – Tariffs paid by midsize U.S. businesses tripled over the course of past year, new research tied to one of America’s leading banks showed on Thursday – more evidence that President Donald Trump ‘s push to charge higher taxes on imports is causing economic disruption.

Modi's AI summit turns awkward as tech leaders dodge contact

NEW DELHI (AP) – Indian Prime Minister Narendra Modi on Thursday invited leaders of some of the top artificial intelligence companies to gather on stage as part of a commitment to build more “inclusive and multilingual” AI around the world.

Editorials from The Washington Post, New York Times, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

Average US long-term mortgage rate dips to 6.01%, lowest in 3 years

The average long-term U.S. mortgage rate slipped this week to its lowest level in more than three years, but remains around 6% in the same narrow range it has been in this year. The benchmark 30-year fixed rate mortgage rate fell to 6.01% from 6.09% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.85%.

FCC is investigating ABC's 'The View' over equal time rule

The Federal Communications Commission is investigating ABC’s “The View” over possible violations of the requirement that broadcast stations give equal time to political candidates when they appear on-air, according to the head of the agency that oversees U.S. broadcast airwaves.

Modi pitches India as global artificial intelligence hub at AI summit

NEW DELHI (AP) – Indian Prime Minister Narendra Modi on Thursday pitched his country as a central player in the global artificial intelligence ecosystem, saying it aims to build technology at home while deploying it worldwide.

US civil rights agency sues Coca-Cola for excluding men from work trip

The U.S. federal agency that enforces workplace civil rights is suing a regional Coca-Cola bottler for sex discrimination, alleging the company discriminated against male employees by only inviting women to a company-sponsored networking event.

FDA will drop two-study requirement for new drug approvals

WASHINGTON (AP) – The Food and Drug Administration plans to drop its longtime standard of requiring two rigorous studies to win approval for new drugs, the latest change from Trump administration officials vowing to speed up the availability of certain medical products.