The fall October’s deficit relative to September’s is entirely due to swings in pharmaceutical imports and gold imports (and exports). Ironically, neither category has been subject to tariffs. Fear of ...
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Total US trade deficit barely budged in 2025
President Donald Trump’s tariff policies did little to shrink the overall 2025 trade deficit. However, deficits did fall with several major U.S. trading partners including Canada, Japan and South ...
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