Administration says it cut the monthly trade deficit by 77% in one year

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Trade statistics show a 77% reduction in the monthly U.S. trade deficit comparing the stated 12‑month period to the prior baseline period.

Source summary
President Trump delivered an address at the World Economic Forum in Davos outlining economic and foreign-policy priorities, emphasizing national sovereignty, cultural preservation, and transatlantic cooperation. He announced executive and administrative actions — including an executive order to bar large institutional investors from buying single-family homes and instructions for government-backed institutions to buy up to $200 billion in mortgage bonds — and urged Congress to cap credit-card interest rates and pass crypto market legislation. He also highlighted claimed economic gains from his first year back in office and urged European partners to prioritize energy, trade, immigration, and cultural cohesion. The remarks combined policy announcements with partisan critiques of the prior administration and calls for coordinated Western action.
Latest fact check

Data sources (BEA/Census monthly trade releases) are accessible but I could not locate definitive monthly trade deficit values for the same two months 'one year apart' referenced by the White House quote (the administration’s statement does not specify the months compared). Because the claim depends on which months are being compared (and the White House did not specify), I cannot verify the 77% figure precisely. Recommend the author clarify which months are being compared (e.g., October 2025 vs October 2024, December 2025 vs December 2024, etc.) and re-run the check using the BEA/Census FT-900 releases for those months.

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  1. Scheduled follow-up · Jan 27, 2026overdue
  2. Completion due · Jan 27, 2026
  3. Update · Jan 22, 2026, 04:54 AMTech Error
    Data sources (BEA/Census monthly trade releases) are accessible but I could not locate definitive monthly trade deficit values for the same two months 'one year apart' referenced by the White House quote (the administration’s statement does not specify the months compared). Because the claim depends on which months are being compared (and the White House did not specify), I cannot verify the 77% figure precisely. Recommend the author clarify which months are being compared (e.g., October 2025 vs October 2024, December 2025 vs December 2024, etc.) and re-run the check using the BEA/Census FT-900 releases for those months.
  4. Original article · Jan 21, 2026

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