U.S. Trade Deficit Hits $901 Billion in 2025 Despite Tariffs

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Feb 19, 2026

The U.S. trade deficit closed 2025 at $901 billion—barely changed despite sweeping tariffs. Monthly swings were dramatic, but the big picture stayed stubbornly familiar. What really happened, and why didn't the strategy deliver the promised fix?

Financial market analysis from 19/02/2026. Market conditions may have changed since publication.

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— Benjamin Franklin
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