US trade deficit just hit $52.8B – lowest since June 2020
Down 35% from last year
Experts said tariffs would destroy economy
Trump, Bessent and Lutnick were right all along
Lower imports mean weaker demand which means recession is coming https://t.co/qWoTBTmzG2 pic.twitter.com/mWIxuaGW4r
— Leshka.eth ⛩ (@leshka_eth) December 14, 2025
NEC Director Kevin Hassett: "It's looking like the deficit for this year will be $600B lower than it was last year… We've got the trade deficit cut in half from last year. And so, all of these things are things that should continue to move us towards the Fed targeted 2%." pic.twitter.com/A7XQZxB59G
— Rapid Response 47 (@RapidResponse47) December 14, 2025
The United States has collected more than $200 billion in tariffs this year as a result of new duties imposed by President Donald Trump since the beginning of 2025, the Customs and Border Protection agency said Monday.
The tally comes as the Supreme Court considers arguments that the new tariffs are illegal.
The $200 billion tally is only for the new tariffs, not for tariffs imposed during Trump’s first term in the White House. Those earlier tariffs do not face legal challenges, as the new tariffs do.
Trump earlier this year unilaterally imposed, without congressional authorization, what he calls reciprocal tariffs on imports from most of the world’s nations.
He also imposed “fentanyl tariffs” on products from Canada, China and Mexico, in retaliation for what he said was those countries’ failure to stem the flow of that deadly narcotic into the United States.
https://www.cnbc.com/2025/12/15/trump-tariffs-trade-customs-imports.html