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President Donald Trump ’s sweeping import tariffs have failed to shrink the U.S. goods trade deficit, which widened to $1.80 trillion over the last 18 months compared to $1.74 trillion in the prior period. Highlighting the policy failure, Creative Planning Chief Market Strategist Charlie Bilello emphasized that import
The Donald Trump administration has officially announced a sweeping new set of tariffs ranging from 10% to 12.5% on 60 designated trading partners—encompassing over 80 individual countries when accounting for the European Union—to replace expiring temporary duties. However, prominent University of Michigan economist Ju