Trump breaks records!
US posts record $145 billion December deficit as outlays outpace receipts
"But what about the tariffs? Surely they covered the gap."
They're already included.
Trump is breaking the US budget, despite raising taxes by record levels and shutting down the government. He's doing the opposite of what he promised. Shocker, I know.
"I will accept any damage to myself and my own best interests, as long as everyone else is hurt worse!"
China’s Trade Surplus Reaches Record, Defying Expectations of Tariff-Driven Slowdown
China's trade surplus was $1.2
trillion, yes that's trillion with a T.
Oh, in 2024 it was just shy of one trillion even. The growth in China's trade surplus, was higher than Trump's tariffs.
The US 2025 trade surplus isn't on the hee hee hee HA HAH "surplus" HAH HA HAH HA oh jeez...oh jeez.
The US 2025 trade
deficit isn't official yet, but
Forbes has an estimate and they are more trustworthy than Trump anyhow. They are not predicting a lower deficit. In fact, they are predicting a record-breaking one, not just higher than the $1.16 trillion in 2024, but probably $1.3 trillion. In other words, they are predicting the US trade deficit will grow about as much as China's trade surplus grew.
Forbes goes on to list the last five times the US trade deficit shrunk. Four of those five were 2001, 2007, and 2009. Trump managed to do it once in 2019, shrinking it by 2%. Then Biden shrunk it in 2023 by 9%.
"At least Obama-"
During Obama's
two terms combined, the trade deficit grew about 6.77%. During Trump's
first term only, the trade deficit grew 13.77%.
What Trump is doing isn't working.
Now, bear in mind, the US having a trade deficit isn't itself objectively bad. It means we have so much money, it's easier for us to just buy stuff from other countries. But Trump said it was bad, multiple times, and said he'd make it smaller, multiple times. And he's a senile fat fucking failure at it.
Oh, and the expected growth of the US trade deficit? Roughly on par with the tariffs. Basically, Trump hiked up prices, making the trade deficit higher despite promising to do the opposite, and just kept all the money for himself and paying ICE to murder unarmed civilians to distract from the Epstein files.