US trade deficit declined in 2025 — but America imported a record amount despite Trump tariffs
New York Post·2026-02-19 19:33
The US trade deficit slipped modestly in 2025, a year in which President Trump upended global commerce by slapping double digit tariffs on imports from most countries. But the gap in the trade of goods such machinery and aircraft — the main focus of Trump’s protectionist policies — hit a record last year despite sweeping import taxes.Overall, the gap the between the goods and services the US sells other countries and what it buys from them narrowed to just over $901 billion, from $904 billion in 2024, but i ...