#Trump set what he called “reciprocal” #tariffs on most countries in April 2025 to address #trade #deficits that he declared a “national emergency”. Those came after he imposed extra #duties on #Canada, #China & #Mexico, ostensibly to address a “drug trafficking” “emergency”.
A series of lawsuits followed, including a case from a dozen largely Democratic-leaning #states & others from small #businesses selling everything from plumbing supplies to educational toys to women’s cycling apparel.

#law

#Trump set what he called “reciprocal” #tariffs on most countries in April 2025 to address #trade #deficits that he declared a “national emergency”. Those came after he imposed extra #duties on #Canada, #China & #Mexico, ostensibly to address a “drug trafficking” “emergency”.
A series of lawsuits followed, including a case from a dozen largely Democratic-leaning #states & others from small #businesses selling everything from plumbing supplies to educational toys to women’s cycling apparel.

#law

Fresh data released by the #Commerce Department Thursday morning showed the full-year total #deficit combining goods & services was $901.5 billion, down a smidgen from 2024 but still one of the largest levels in decades. Exports of goods & services rose 6.2% to a record $3.4 trillion. Imports rose nearly 5% to a record $4.3 trillion.

#economy #inflation #US #TradeDeficit #trade #deficits #Trump #tariffs #affordability #CostOfLiving #idiocracy #kakistocracy

#US #trade #deficits remained high in 2025, despite #Trump #tariffs
The US #TradeDeficit for goods hit a record $1.2 trillion last year, despite the Trump admin pursuing a trade agenda with aggressive tariffs & a staunch “America First” approach.

#economy #inflation #affordability #CostOfLiving #idiocracy #kakistocracy
https://www.washingtonpost.com/business/2026/02/19/tariffs-trade-deficit-2025/