# Trump VS crypto

The trade deficit of the United States shatters new records due to Trump's tariffs

Story by Miguel Jiménez Cabeza • 2h

The world's largest economy imported goods worth $342.746 billion in the first quarter, an increase of 31% compared to the same month in 2024, with seasonally adjusted data. Meanwhile, exports abroad amounted to $180.761 billion, a 6.8% increase. As a result, the deficit soared by 75%, reaching $161.985 billion, an unprecedented figure in the history of the United States.

In the first three months of the year, the trade deficit already totals $464.475 billion, a gap that burdens the U.S. gross domestic product, where imports subtract and exports add.

In March, imports of consumer goods surged particularly, by 55.5%, but so did industrial supplies, by 37.8%, according to preliminary Census data.

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The impression is that companies and consumers rushed their purchases ahead of the wrongly named third Day of Liberation, on April 2, when Trump declared a trade war on the world with a rise in tariffs to the highest levels in over a century.

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Although the president has been correcting and patching his trade policy under market pressure — lowering tariffs for many countries, granting exceptions, and now seeking to de-escalate the conflict with China — much higher import taxes than those in March are still in effect.