Trump Tariffs: US Trade Deficit Plummets, Exports Soar

• Donald Trump's tariffs led to a significant reduction in the US trade deficit.
• The US trade deficit fell over 35% year-on-year, reaching its lowest level since mid-2020.
• US exports increased by 6%, while imports decreased by approximately 5%.
• The trade deficit with China also saw a substantial reduction, reaching its second smallest level since 2009.
• The administration attributes these improvements to the "America First" trade strategy, which also secured new trade deals and boosted domestic investment.

Why It Matters: Trump's tariffs unexpectedly cut the US trade deficit and boosted exports, challenging critics.