Trump says tariffs cut U.S. trade deficit by 78 percent
President Trump said Wednesday on his Truth Social platform that the U.S. trade deficit “has been reduced by 78% because of the tariffs being charged to other companies and countries,” attributing the change to tariffs.
“THE UNITED STATES TRADE DEFICIT HAS BEEN REDUCED BY 78% BECAUSE OF THE TARIFFS BEING CHARGED TO OTHER COMPANIES AND COUNTRIES,” the president wrote. He added in the post, “IT WILL GO INTO POSITIVE…”
The post did not cite specific data or sources to support the claim, and the statement was presented without accompanying documentation on Truth Social.
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