The deficit decrease is largely a response to last year, when trade and the deficit swelled in anticipation of President Trump’s April 2 “Liberation Day” tariffs.

The US trade deficit widened in March as an increase in the value of imports exceeded exports in a sign of solid consumer and business demand.

Facts around the balance of imports and exports under President Trump and his tariffs can seem impossibly contradictory.

The United States recorded a higher trade deficit in March as import growth continued to outpace exports, according to fresh data released by the US C

The trade court ruled 2-1 that Trump had unlawfully used Section 122 of the Trade Act to enact a new blanket duty on products entering the United States, finding that Trump failed to identify a "balance-of-payments deficit" that would allow him to wield the trade law's broad tariff-making powers.

The US trade deficit dropped by over 25% in January, falling to $54.5 billion to start 2026 but following increases in the previous two months. The closely watched figure fell markedly from $72.9 billion in December, which was revised from $70.3 billion ...