The total U.S. trade deficit is projected to reach $901.5 billion in 2025, a slight decrease of 0.2% year-on-year.
2026-02-20 14:28:26
The U.S. trade deficit widened sharply in December, and throughout the year, despite the Trump administration’s attempts to narrow this huge gap, the imbalance remained largely unchanged.
Data released by the U.S. Commerce Department on Thursday showed that global markets experienced turbulence throughout the year, with the goods and services deficit totaling $70.3 billion in December, an increase of $17.3 billion from the previous month and far exceeding the Dow Jones Consensus forecast of $55.5 billion.
For the full year, the U.S. trade deficit was $901.5 billion, a slight decrease from 2024, but the decline was only 0.2%, or $2.1 billion . This figure is also slightly lower than the record deficit of $923.7 billion set in 2022.
The report was released a year after President Trump implemented a series of harsh tariffs aimed at balancing global competition. Last April, Trump announced a 10% tariff on all imported goods and so-called reciprocal tariffs on specific countries with trade surpluses with the United States.
However, during the year, Trump softened some of his positions, and negotiations with major trading partners continued.
In anticipation of the impact of tariffs, companies significantly increased imports in the first three months of last year. This trend subsequently weakened, and the trade deficit in October reached its lowest level since 2009.
The United States has the largest trade deficit with the European Union, reaching $218.8 billion, followed by a deficit with a major Asian country of $202.1 billion, while the deficit with Mexico is $196.9 billion.
Total exports in 2025 will reach $3.43 trillion, an increase of $199.8 billion from 2024. Imports will also rise, totaling $4.33 trillion, an increase of $197.8 billion from 2024.
Data released by the U.S. Commerce Department on Thursday showed that global markets experienced turbulence throughout the year, with the goods and services deficit totaling $70.3 billion in December, an increase of $17.3 billion from the previous month and far exceeding the Dow Jones Consensus forecast of $55.5 billion.
For the full year, the U.S. trade deficit was $901.5 billion, a slight decrease from 2024, but the decline was only 0.2%, or $2.1 billion . This figure is also slightly lower than the record deficit of $923.7 billion set in 2022.
The report was released a year after President Trump implemented a series of harsh tariffs aimed at balancing global competition. Last April, Trump announced a 10% tariff on all imported goods and so-called reciprocal tariffs on specific countries with trade surpluses with the United States.
However, during the year, Trump softened some of his positions, and negotiations with major trading partners continued.
In anticipation of the impact of tariffs, companies significantly increased imports in the first three months of last year. This trend subsequently weakened, and the trade deficit in October reached its lowest level since 2009.
The United States has the largest trade deficit with the European Union, reaching $218.8 billion, followed by a deficit with a major Asian country of $202.1 billion, while the deficit with Mexico is $196.9 billion.
Total exports in 2025 will reach $3.43 trillion, an increase of $199.8 billion from 2024. Imports will also rise, totaling $4.33 trillion, an increase of $197.8 billion from 2024.
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