Gregory Daco analyzes $901 billion U.S. trade deficit trend

Gregory Daco analyzes $901 billion U.S. trade deficit trend
Gregory Daco on trade deficit

Gregory Daco reports that the U.S. trade deficit narrowed by 0.2% to $901 billion in 2025, yet remains the third largest on record.

The merchandise trade deficit, however, widened by 2% to $1,241 billion, marking its largest record amidst significant fluctuations in imports and exports due to policy changes.

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