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Supply Chain Graphic of the Week: The US Trade Deficit in One Chart

US Trade Deficit Exceeds $1 Trillion in 2024

April 10, 2025


 

Amid non-stop chaos regarding US import tariffs on virtually the entire world, the Wall Street Journal last week published the chart below, nicely summarizing the US trade deficit:

 

 

 

Source: Wall Street Journal

As can be seen, despite new tariffs on China dating back to the first Trump administration, the US trade deficit set another new record last year, reaching some $1.2 trillion (imports minus exports).

 

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