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Adam Tooze, industry influencer, reports that despite record-high tariff levels, the U.S. trade deficit continues to widen.
Tooze attributes this growing deficit largely to a significant increase in investment related to artificial intelligence, highlighting its economic impact.
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Earlier, Tooze noted that U.S. inflation’s new normal has risen above 2 percent, citing visual analysis from Mike Nolan at Reuters in a recent article. Separate coverage described Treasury’s new political financial initiatives, including Millei-related packages planned for September 2025 and the UAE, as reported in a prior piece. These developments follow continuing shifts in U.S. macroeconomic conditions.