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HEADLINE: "U.S. trade deficit remains high in 2025, despite Trump’s tariff policy"
Deficit in trade of goods hits a record. Trade shifts away from China to other Asian exporters.
HEADLINE: "In 2025, Trade Deficit in Goods Reached Record High"
Data released Thursday by the Census Bureau showed the overall trade deficit with the world narrowed, the result of an expanding trade surplus in services. The trade deficit in goods was the highest on record.
KEY POINTS:
For the full year, the U.S. ran a $901.5 billion trade deficit, down slightly from 2024 but only by 0.2%, or $2.1 billion.
The report follows a year in which President Donald Trump implemented a series of aggressive tariffs aimed at leveling the global playing field.
The U.S. trade deficit swelled in December, closing out a year in which the imbalance was essentially unchanged.
www.cnbc.com
The U.S. trade deficit swelled in December, closing out a year in which the imbalance was essentially unchanged despite efforts by the Trump administration to close the wide gap.
Closing out a tumultuous year in the global marketplace, the goods and services shortfall in December totaled $70.3 billion, the Commerce Department reported Thursday. That marked an increase of $17.3 billion from November and was well above the Dow Jones consensus estimate of $55.5 billion.
For the full year, the U.S. ran a $901.5 billion deficit, down slightly from 2024 but only by 0.2%, or $2.1 billion. The total was also a bit less than the record $923.7 billion shortfall in 2022.