U.S. Trade Deficit Drops, But Economic Concerns Persist
In August, the U.S. trade deficit decreased by almost 24% to $59.6 billion due to President Donald Trump’s global tariffs, which pushed imports down by 5%. Exports saw a slight increase of 0.1% to $280.8 billion. Although the trade deficit decreased in August, it is still up for 2025. The administration is facing a legal challenge in the Supreme Court over the legality of the tariffs.
John Q. Hosedrinker