sorry to argue but:

The U.S. goods and services deficit decreased to $54.5 billion in January 2026, down from a revised $72.9 billion in December 2025, driven by rising exports and falling imports. While monthly figures fluctuate, 2025 saw a total trade deficit of approximately $901.5 billion, with significant deficits driven by goods imports from Vietnam, Taiwan, and Mexico.
U.S. Bureau of Economic Analysis (BEA) (.gov)
U.S. Bureau of Economic Analysis (BEA) (.gov)
+2
Key 2025/2026 Trade Figures
January 2026 Deficit: $54.5 billion (25.3% decrease from Dec 2025).
Total 2025 Deficit: $901.5 billion, slightly down from 2024's $903.5 billion, showing that despite tariffs, trade volumes remained high.
January 2026 Exports: $302.1 billion (driven by gold, computers, and aircraft).
January 2026 Imports: $356.6 billion (declines in pharmaceuticals and vehicles).
Census.gov
Census.gov
+4
Major Trading Partners (Goods Deficit/Surplus) - 2025 Data
Highest Deficits: China ($202.1B), Mexico ($196.9B), Vietnam ($178.2B), and Taiwan ($146.8B).
Highest Surpluses: Netherlands ($60.7B), United Kingdom ($32.2B), and Hong Kong ($28.5B).
U.S. Bureau of Economic Analysis (BEA) (.gov)
U.S. Bureau of Economic Analysis (BEA) (.gov)
Key Takeaways
Services vs. Goods: The overall deficit is driven by a massive goods deficit ($1.24 trillion in 2025), which is partially offset by a smaller services surplus ($339.5 billion in 2025).
Tariff Impact: Despite increased tariffs under the second Trump administration aimed at reducing the deficit, 2025 data indicated limited change in the overall gap compared to 2024, partly due to imports shifting from China to other nations like Vietnam and Mexico.
Causes: The persistent deficit is primarily driven by strong U.S. consumer demand for foreign goods and a high-valued dollar, rather than solely by trade policy.
U.S. Bureau of Economic Analysis (BEA) (.gov)
U.S. Bureau of Economic Analysis (BEA) (.gov)
+3