Fool's gold: The U.S. trade deficit isn't actually falling due to tariffs. It's still near a record high.

Core Insights - The U.S. trade deficit recently decreased to a 16-year low, but this improvement is misleading as the trade gap remains near historically high levels [1] Group 1 - The trade deficit fell a few months ago, reaching a low not seen in 16 years [1] - Despite the recent decrease, the U.S. continues to experience a trade gap that is close to historically high levels [1]