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Donald Trump lauds ‘Liberation Day’ tariffs, says trade deficit contracted 78% ahead of official data release

February 19, 2026 at 02:05 AM
By Mint India
Donald Trump lauds ‘Liberation Day’ tariffs, says trade deficit contracted 78% ahead of official data release
Donald Trump claims the US trade deficit has fallen 78% due to tariffs and may turn positive this year. However, 2025 data show continued deficits despite lower Chinese imports. A Federal Reserve study finds that most tariff costs were borne by US businesses and consumers, not by foreign exporters.

Analysis & Context

Donald Trump claims the US trade deficit has fallen 78% due to tariffs and may turn positive this year. However, 2025 data show continued deficits despite lower Chinese imports. A Federal Reserve study finds that most tariff costs were borne by US businesses and consumers, not by foreign exporters. This article provides comprehensive coverage and analysis of current events.

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