US trade deficit drops to lowest level since 2020 in win for Trump
Trump in 2016, defied Republican free-trade orthodoxy by supporting the imposition of tariffs, a position he has maintained throughout his political career.
The nation's trade has dropped to its lowest level since June 2020, according to a Commerce Department report released Thursday.
The figure fell to a deficit of $52 billion and came in below analyst expectations of $59 billion, according to CNBC.
U.S. economic data from the federal government is weeks or months late because of the recent government shutdown.
The decrease is being attributed to report data showing exports rose 3%, to $289.3 billion, while imports edged up 0.6%.
The Trump administration is touting the report as proof its tariffs are working.
Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.