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Trump tariffs narrow US trade deficit to five-year low: White House

Tariffs have long been a contentious instrument in US trade policy, praised by supporters as leverage to protect domestic industries and criticized by opponents for raising costs and risking retaliation.

White House / File photo: IANS

The US trade deficit narrowed to its smallest level since mid-2020, shrinking by more than 35 per cent from a year earlier, according to a White House press release that credited President Donald Trump’s tariff-driven trade strategy with delivering measurable gains for the American economy. 

The administration said the latest data showed a sharp improvement in trade performance, pointing to stronger exports, reduced imports, and a marked contraction in the trade gap with China. It described the figures as further evidence that the President’s “America First” trade agenda is producing results after years of policies that, in its view, disadvantaged US producers.US exports rose 6 per cent from a year earlier, reaching their second-highest value on record, the release said. Inflation-adjusted exports of consumer goods were described as the largest ever, underscoring what the administration portrayed as growing global demand for American-made products.

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