In 2025, Trade Deficit in Goods Reached Record High
President Trump has repeatedly promised that his steep tariffs would reduce U.S. imports, shrink the trade deficit and lead to a revival in American manufacturing.
So far, the opposite has occurred.
U.S. imports grew last year, and the trade deficit in goods hit a record high, data released Thursday showed, as Mr. Trump’s policies scrambled trade but did not halt it. That was consistent with other data suggesting that companies have rerouted orders and revamped supply chains to skirt tariffs but have not, so far, brought production back to the United States en masse. American manufacturers have cut more than 80,000 jobs in the past year.
Winning! We're getting tired of winning.
So far, the opposite has occurred.
U.S. imports grew last year, and the trade deficit in goods hit a record high, data released Thursday showed, as Mr. Trump’s policies scrambled trade but did not halt it. That was consistent with other data suggesting that companies have rerouted orders and revamped supply chains to skirt tariffs but have not, so far, brought production back to the United States en masse. American manufacturers have cut more than 80,000 jobs in the past year.
Winning! We're getting tired of winning.
