Record US Trade Deficit Persists Despite 80-Year High Tariffs
Despite tariffs reaching 80-year highs, the US trade deficit hit a record $1.24 trillion in 2025, raising questions about protectionism’s effectiveness.
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Despite tariffs reaching 80-year highs, the US trade deficit hit a record $1.24 trillion in 2025, raising questions about protectionism’s effectiveness.
The US goods trade deficit reached $1.24 trillion in 2025 despite tariff hikes, highlighting challenges in balancing trade through import taxes.