US Trade Deficit Narrows to Three-Year Low Following Trump's Tariff Implementation

Dec 12, 2025 02:56 am CST

The US trade deficit unexpectedly contracted to $52.8 billion in September 2023, reaching its lowest level since the COVID-19 pandemic in 2020, as exports rose 3.0% while imports increased just 0.6% following the implementation of President Trump's new tariffs targeting major trading partners including the EU, Japan, and China.