US Trade Deficit Shrinks 78%: Trump Tariffs Claim Under Scrutiny
President Donald Trump's assertion that US trade deficits have plummeted 78% due to tariffs faces data contradictions. While November 2025 figures show a $56.8 billion deficit widening, annual projections suggest an $800 billion shortfall—a reduction from 2024's $1.2 trillion but far from surplus territory.
Market analysts attribute Trump's 78% claim to monthly volatility rather than structural shifts. The April 2025 'Liberation Day' tariffs, targeting over 100 countries, remain untested in their long-term economic impact.