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U.S. trade deficit slipped to $901 billion last year amid Trump tariffs
- The Commerce Department reported Thursday that the trade deficit narrowed to over $901 billion from $904 billion in 2024.
- In April, U.S. companies front-loaded imports to beat the 10% across-the-board duty, imposed after President Donald Trump announced tariffs, including reciprocal levies.
- Trade data show China’s goods deficit plunged nearly 32% to $202 billion while the gaps with Taiwan and Vietnam rose sharply to $147 billion and $178 billion last year.
- The Commerce Department reported a $339 billion services surplus last year, while December's goods and services shortfall totaled $70.3 billion, up $17.3 billion from November.
- Despite aims, tariffs 'haven't had as much impact on inflation,' analysts note, as Trump softened positions and negotiations continue, affecting U.S. policy and the dollar.
50 Articles
50 Articles
The trade deficit in goods reached a record high in 2025 in the United States, despite the tariffs put in place by the Trump administration.
Despite the high tariffs imposed by President Trump on many countries, the US trade deficit has fallen a little in the past year.
US trade deficit declined in 2025, but gap for goods hits a record despite Trump tariffs - WSVN 7News | Miami News, Weather, Sports
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. Overall, the gap the between the goods and services the U.S. sells other countries an…
US trade deficit declined in 2025, but gap for goods hits a record
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. The Commerce Department reported Thursday that the gap the between the goods…
Donald Trump imposed punitive tariffs on many countries last year. Nevertheless, the US import surplus is still large. The US is still the main loser of tariffs.
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