Despite tariffs, U.S. trade deficit reaches $901 billion
February 20, 2026
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6:50Now PlayingDespite tariffs, U.S. trade deficit reaches $901 billion
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as posted by the channelWe are learning more about a major economic story at the heart of global trade. This comes as the United States recorded a $900 billion trade deficit from last year, despite sweeping tariffs on imports. LiveNOW’s Austin Westfall is speaking with Dan Varroney, an economic strategist and the CEO of Potomac Core, as the latest numbers begin to raise questions about whether current trade policies are having their intended effect. According to the latest numbers, for the full year, the U.S. ran a $901.5 billion deficit, which is slightly down from 2024. The total was a bit less than the record $923.7 billion shortfall seen in 2022.
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