The U.S. trade deficit fell sharply in October 2025, reaching its lowest level in 16 years, new Bureau of Economic Analysis data released Jan. 8 shows.
Trump said that his tariffs led to a significant expansion of the U.S. economy after a federal agency released its estimates for the 3rd quarter of 2025.
Trump’s top trade officials say the administration’s broad tariff program will stay in place even if the Supreme Court limits emergency economic powers.
