Trade Deficit Plummets 42.9% in Second Quarter Under Trump’s Reciprocal Tariffs
23rd September 2025
On the second day of the second quarter, President Donald Trump announced “reciprocal tariffs” on goods from countries charging exorbitant tariffs on U.S. exports. By the quarter’s end, the U.S. trade deficit shrank by 42.9%, the U.S. Bureau of Economic Analysis (BEA) reported Tuesday.