{"id":3533,"date":"2026-10-30T13:03:44","date_gmt":"2026-10-30T08:03:44","guid":{"rendered":"https:\/\/ipp-news.com\/?p=3533"},"modified":"2026-10-30T13:03:44","modified_gmt":"2026-10-30T08:03:44","slug":"trumps-tariffs-fail-to-cut-us-trade-deficit-iw-report-shows","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=3533","title":{"rendered":"Trump&#8217;s tariffs fail to cut US trade deficit, IW report shows"},"content":{"rendered":"<div>\n<p><strong>United States President Donald Trump\u2019s economic agenda has delivered robust growth and strong \u200binvestment but failed to reduce the trade \u200cdeficit, according to a study by the German Economic Institute IW seen by Reuters on Friday.<\/strong><\/p>\n<p>Trump\u2019s tax \u200bcuts, tariffs and drive to revive domestic \u2060manufacturing had produced mixed results.<\/p>\n<p>Gross domestic \u200bproduct growth remained solid and AI-related investment was \u200bbuoyant, but job creation lagged the prior administration, and inflation remained above the Federal Reserve\u2019s 2% target.<\/p>\n<p>The US goods \u200btrade deficit reached $130 billion in August, exceeding \u200bits level two years earlier, despite sweeping import tariffs.<\/p>\n<p>Trade \u200cpatterns \u2060had shifted, however. The European Union\u2019s share of the deficit fell to 7% from 20% in August 2024. China\u2019s share of the trade deficit \u200bdeclined to \u200b14% from \u206029%.<\/p>\n<p>Efforts to bring manufacturing back have so far fallen short. Foreign \u200bdirect investment inflows fell 8.2% to $248 billion \u200bin \u20602025, 18% below the 2015\u20132024 average.<\/p>\n<p>The US-Israeli war against Iran is increasing already high public debt \u2060and \u200bpushing up interest rates, with \u200bcreditors questioning whether the US can sustain its outstanding debt \u200bof $40 trillion.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>United States President Donald Trump\u2019s economic agenda has delivered robust growth and strong \u200binvestment but failed to reduce the trade \u200cdeficit, according to a study by the German Economic Institute IW seen by Reuters on Friday. Trump\u2019s tax \u200bcuts, tariffs and drive to revive domestic \u2060manufacturing had produced mixed results. Gross domestic \u200bproduct growth remained solid and AI-related investment was \u200bbuoyant, but job creation lagged the prior administration, and inflation remained above the Federal Reserve\u2019s 2% target. The US goods \u200btrade deficit reached $130 billion in August, exceeding \u200bits level&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-3533","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/3533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3533"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/3533\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}