U.S. Trade Deficit Nearly Cut in Half Since Liberation Day

The U.S. trade deficit has fallen by nearly half since President Trump’s Liberation Day tariff announcements in March, with the December gap coming in 48 percent smaller than the March peak.

The combined goods and services deficit dropped to $70.3 billion in December from $136.0 billion in March, a decline of $65.7 billion, according to Commerce Department data released Thursday. The goods deficit alone fell 39 percent, from $162.1 billion to $99.3 billion.

The dramatic nine-month improvement suggests Trump’s tariff strategy is achieving its core objective of reducing America’s trade imbalance. March represented the peak of the deficit as…

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