Trump Hails 'Unprecedented Success' as US Trade Deficit Plummets to 2009 Low

• US President Donald Trump credited his tariff policy for a sharp decline in the country's trade deficit, calling it an "unprecedented success."
• The US trade deficit fell to $29.4 billion in October, a 39% decline from the previous month and the lowest since 2009.
• This improvement was driven by a 2.6% rise in exports and a 3.2% fall in imports, according to Commerce Department data.
• Trump also highlighted a predicted GDP growth of over 5% and claimed tariffs rescued the economy and national security.
• Despite the recent decline, the cumulative US trade deficit for the year remains 7.7% higher than the same period last year.

Why It Matters: Trump attributes significant US trade deficit reduction to his tariff policy, hailing economic success.