贸易逆差9015亿美元，一年过去，特朗普的关税成功了吗？

Group 1 - The core point of the article highlights that while Trump's trade policies aimed at reducing the trade deficit have not succeeded, they have significantly increased tariff revenues for the U.S. government, reaching a historic high of $264 billion in 2025, a year-on-year increase of over 234% [1][6][12] - The U.S. trade deficit in goods and services was $901.5 billion in 2025, only slightly down from $903.5 billion in 2024, indicating that the U.S. remains a net importer despite the tariff changes [5][6] - The trade deficit with China narrowed significantly to $202 billion in 2025, the lowest in 20 years, while deficits with Mexico and Vietnam increased, reflecting a strategic shift in supply chains [7][9] Group 2 - The increase in tariff revenues has contributed to a reduction in the U.S. budget deficit, which fell to $1.67 trillion in 2025, the smallest in three years, largely due to the record growth in tariff income [12] - Capital gains tax revenue also rose to $260.6 billion in 2025, benefiting from strong stock market performance, indicating a complementary relationship between tariff revenues and capital gains taxes for U.S. fiscal health [12][13] - Trump's tariff strategy has provided the U.S. with strategic negotiation leverage, leading to significant investment commitments from trade partners, which could potentially support U.S. manufacturing and economic growth [13][15]