import tariffs

The US current account deficit surged by $138.2 billion in Q1 2025, a 44.3% jump to a record $450.2B. As a share of GDP, it hit 6.0%, nearing the 2006 peak. Annualized, the deficit is now $1.8T, driven by an import rush before new tariffs. US Current Account Deficit Surges to Historic High of $450.2 … Read more