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#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/
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
There’s major uncertainty for the #US & #global #economies about what comes next, in part because #SCOTUS has yet to rule on whether the majority of the #Trump #tariffs are #legal. But the data offered the latest snapshot of a historic overhaul of the #economy & old global order.
Trump’s return to the White House brought sprawling tariffs, a giant #tax & #spending bill & #threats to #CentralBank #independence.
#inflation #US #trade #affordability #CostOfLiving #idiocracy #kakistocracy
