After months of negotiations, pauses, and delays, a sweeping new tariff slate took effect Thursday—marking a new era in U.S. trade policy, with import rates reaching their highest levels since the Great Depression.
All posts tagged trade deficit
U.S. Trade Deficit Shrinks to $60.2B in June — Smallest Gap Since September 2023
U.S. trade deficit shrank to $60.2B in June 2025, the lowest since Sept. 2023, driven by falling imports and rising tariff uncertainty.
U.S. Trade Deficit Drops 56% as April Imports Fall
April’s trade deficit plunged from a revised $138.3 billion in March to $61.6 billion, driven by a 16% drop in imports that reversed the pre-“liberation day” spike.
U.S. trade deficits and Trump’s new tariffs: which countries are getting hit the hardest?
The U.S. reported major trade deficits in February 2025 with China, the EU, and Mexico—just as President Trump’s latest round of ‘reciprocal’ tariffs took effect. Here’s a breakdown of who’s facing the steepest penalties, and why some key allies like Canada and Mexico are exempt.