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President Trump claims a 78% trade deficit drop from tariffs, but data shows a 95% monthly rise in November 2025, with the annual deficit up 4.1%.
On February 19, 2026, President Donald Trump claimed the U.S. trade deficit dropped 78% due to tariffs, including "Liberation Day" duties introduced in April 2025.
However, Commerce Department data shows the deficit rose to $56.8 billion in November 2025, a 95% monthly increase, driven by higher imports and lower exports.
Economists say earlier declines were likely due to temporary factors, and the deficit for the first 11 months of 2025 was still 4.1% higher than in 2024.
The U.S. trade gap with China fell below that with the EU, while the effective tariff rate reached nearly 17%, the highest since 1932.
Legal challenges remain as the Supreme Court reviews the use of a 1970s emergency law to justify tariffs, with the administration preparing alternatives if the policy is struck down.
El presidente Trump afirma una caída del 78% del déficit comercial por los aranceles, pero los datos muestran un aumento mensual del 95% en noviembre de 2025, con un aumento del déficit anual del 4,1%.