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Tariffs on Household Goods Bring Home Costs of Trump’s Trade Wars

  • President Donald Trump's recent announcement on tariffs raised concerns among elites about the trade deficit, which with the European Union is $235 billion and has not dropped below $100 billion since 2011.
  • America lost 5 million manufacturing jobs between 2000 and 2014, marking the steepest decline in its history, which has significantly impacted the middle class.
  • The total trade deficit in 2024 reached a record $1.2 trillion, marking the fourth consecutive year above $1 trillion.
  • CBS News fact-checked claims that America has lost 90,000 factories since NAFTA, stating the correct number is actually 70,500.
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Bias Distribution

  • 45% of the sources lean Right
45% Right
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Jornal de Negócios broke the news in Porto, Portugal on Sunday, June 22, 2025.
Sources are mostly out of (0)