Trump’s Bold Claim: Tariffs Slashed US Trade Deficit 78%, Hails ‘Economic Independence’
Trump’s Bold Claim: Tariffs Slashed US Trade Deficit 78%, Hails ‘Economic Independence’
Washington, February 19, 2026
President Donald Trump celebrated his tariff policy as historic game-changer, claiming 78% plunge in US trade deficit via Truth Social. Called it strongest economy in decades via Liberation Day duties on ~100 nations (10-50%).
Tariff Policy Details
Announced Apr 2 last year as “Liberation Day.” Effective rate now 17% – highest since 1932. Trump predicts trade surplus by year-end.
Reality vs Rhetoric
Commerce data contradicts: November deficit surged to $56.8B (+95% MoM). Exports fell 3.6%; imports up 5%. Economists attribute minor dip to gold trade fluctuations, not structural shift.
Shifting Trade Patterns
China deficit down to $189B; now largest gap with EU. Tariffs reshaped global flows amid market volatility.
Legal Battle Looms
Supreme Court weighs if Trump can invoke 1970s emergency powers for duties. White House hints alternative routes if ruled against.
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