The U.S. trade deficit narrowed sharply in the fourth quarter, suggesting that President Trump’s tariffs may be rebalancing trade by opening foreign markets to U.S. exports and reducing dependence on imports.
The three-month average goods deficit fell to $80.5 billion in the fourth quarter, down 27 percent from $109.6 billion in the same period a year earlier. The combined goods and services deficit dropped even more sharply, falling nearly 40 percent to $50.7 billion from $83.6 billion in the fourth quarter of 2024.
Average exports climbed $22.2 billion while average imports declined $10.7 billion compared to the fourth quarter of 2024…
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