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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.
66 Articles
66 Articles
U.S. trade deficit remains high in 2025, despite Trump’s tariff policy
The U.S. merchandise trade deficit hit a record $1.2 trillion last year, despite President Donald Trump’s promise to eliminate it by imposing the highest tariffs in eight decades on foreign-made products. Thursday’s Commerce Department report represents the first full-year assessment of the president’s ambitious reordering of global trade. The persistence of the deficit in the face of steep new taxes on imports from China, the European Union and…
Despite US President Donald Trump's global tariff policy, the US trade deficit remained high last year. In particular, the trade deficit in goods, including automobiles and semiconductors, reached a record high. While it's not yet clear whether the full impact of the tariffs has been fully reflected in the economy, there are indications that the situation is not progressing as the US initially intended.
The US trade deficit increased by 32.6% in December 2025 compared to the previous month, to US$70.3 billion, and closed the year with an annual decrease of only 0.2%, according to the Office of Economic Analysis. In 2025, the deficit of goods and services of the world’s largest economy was US$901 billion, with a decrease of US$2.1 billion compared to 2024. That year was the second largest annual deficit recorded to date and the largest deficit o…
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.
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