US Trade Deficit Hits 2009 Low: Trump Credits Tariffs, Hails 'Unprecedented Success'

• The US trade deficit in October fell to its lowest level since mid-2009, reaching $29.4 billion.
• President Donald Trump attributed this 'unprecedented success' directly to his imposed tariffs.
• October figures showed a 39% drop from the prior month, with exports rising 2.6% and imports slipping 3.2%.
• Economists note tariffs curbed imports while trading partners continued buying US goods, boosting Q4 economic growth.
• Despite the monthly drop, the year-to-date deficit remains 7.7% higher than the same period in 2024.

Why It Matters: US trade deficit hits a 10-year low, with Trump crediting tariffs for the economic boost.