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Scott Lincicome points out that the U.S. trade deficit has returned to levels seen before tariffs were implemented.
The observation suggests that recent trade policy changes have not produced a lasting reduction in the trade deficit.
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Lincicome has previously examined global economic trends, noting that predictions of China overtaking the U.S. economy have diminished as China’s outlook shifted. In another report, he highlighted large layoffs in Dayton, Ohio, which erased a year’s worth of job growth after tariffs did not increase demand as anticipated. These earlier assessments contribute context to his observations on the U.S. trade deficit.