Trump's tariffs reduced the deficit but limited economic growth in 2025
TL;DR Summary
Trump's tariffs in 2025 significantly increased the effective tariff rate, raising over $236 billion in revenue and contributing to a substantial reduction in the US trade deficit from a record $136.4 billion to $52.8 billion by September. While tariffs impacted global trade, especially with China, they also caused market volatility and higher prices for consumers and businesses.
Topics:nation#economy#market-volatility#tariff-revenue#trade-deficit#trump-tariffs#us-trade-partners
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