The deficit has reached a 5-year low.
The White House announced that the U.S. trade deficit has decreased to its lowest since mid-2020. The deficit has gone down by over 35 percent in the past year as President Donald Trump’s tariff agenda has been implemented.
Administration officials reported that U.S. exports have increased 6 percent over last year, “rising to their second-highest value on record — while Inflation-adjusted exports of consumer goods are the largest ever.” Imports into the U.S. in general have dropped by 5 percent, while the trade deficit with China is the second-smallest since 2009.
The White House stated, “President Trump is delivering on his commitment to level the playing field after decades of weak trade policies allowed foreign countries to flood our markets with their goods while shutting their own markets to our producers.”
As the Lord Leads, Pray with Us…
- For President Trump as he continues his efforts to improve the U.S. economy and reduce the trade deficit.
- For U.S. Trade Representative Jamieson Greer, Treasury Secretary Bessent, and Commerce Secretary Lutnick as they support and advise the president on trade and commerce.
Sources: The White House
