Tariffs fail to take effect, and the United States' commodity trade deficit reaches a record high in 2025.

Data released by the US Department of Commerce on the 19th showed that the US merchandise trade deficit is expected to reach a record 1.2409 trillion dollars by 2025, increasing by 25.5 billion dollars compared to the previous year, with a growth rate of 2.1%. One of the main excuses used by the Trump administration for imposing tariffs on trading partners is that tariffs help reduce the trade deficit. Oriana Aleman, Chief Economist of the Financial Group at US Ricardos, stated that the trade deficit in 2025 shows that tariffs have little impact on the overall deficit level. As US companies adjust to changes in tariffs, monthly trade flows are distorted.