San José, CA – The December report on the U.S. trade deficit of goods and services, or how much more the U.S. imported as compared to exports, jumped to $70 billion. For 2025 as a whole, the U.S. trade deficit totaled a little more than $900 billion, almost the same as in 2024. This means that Trump’s on and off again tariffs failed to close the gap between imports and exports – which Trump claimed would bring more production home. This fact matched the deterioration in the number of manufacturing jobs, which shrank every month in 2025, for a total loss of more than 100,000 jobs last year.

Part three of a three-part interview with Professor Masao Suzuki

This is part three of a three-part interview. Click for part one and part two of this interview. Fight Back!: President Trump seems intent on risking on a trade war with China in order to narrow the U.S. trade deficit. Trump thinks the U.S. trade deficit means that the U.S. is a loser, and by bringing down the trade deficit the U.S. economy will grow by the same amount, creating jobs and income here in the U.S. What do you think?

_Part one of a three-part interview with Professor Masao Suzuki _

This is part one of a three-part interview. Click for part two and part three of this interview. Fight Back!: Professor Suzuki, there has been a lot in the news about the Trump administration’s new tariffs and the U.S. trade deficit. How big is it really?