U.S. goods trade deficit hits record $1.24 trillion despite Trump's tariff push

Source: The Washington Times stories: Politics · Bias: Center Right

Summary

President Donald Trump's tariff policies in 2025 produced a mixed economic picture -- narrowing the overall trade deficit only modestly while the goods trade deficit hit a record high and import taxes increased costs for U.S. businesses.

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U.S. goods trade deficit hits record $1.24 trillion despite Trump's tariff push
The Washington Times stories: Politics

U.S. goods trade deficit hits record $1.24 trillion despite Trump's tariff push

Center Right

President Donald Trump's tariff policies in 2025 produced a mixed economic picture -- narrowing the overall trade deficit only modestly while the goods trade deficit hit a record high and import taxes increased costs for U.S. businesses.