Trump: The Trade Deficit Is Down 33.8%, Exports Are Up 11.7%, And Tariffs Are Working As Intended

Trump's Truth Social latest posts

Yesterday

President Donald Trump on August 28 cited economic data on X, stating that the U.S. goods and services trade deficit narrowed by 33.8% year-over-year in the first half of 2026, while exports rose 11.7%. Trump argued that tariffs are working as intended, leveling the playing field for U.S. manufacturing.

Trump quoted Fox News host Laura Ingraham: "Year-to-date, the goods and services deficit decreased $189.3 billion, or 33.8 percent, from the same period in 2025. Exports increased $198.3 billion or 11.7 percent. Imports increased $9.0 billion or 0.4 percent." He then added: "SO MUCH FOR THE TARRIFFS dragging down the economy — they're doing precisely what they were intended to do — level the playing field so our manufacturing can compete fairly and thrive. EXCELLENT news!"

Trump also provided export figures for January-June of each year: 2024: $1.599 trillion, 2025: $1.693 trillion, 2026: $1.891 trillion, calling it "a tribute to HIM."

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