Ending the U.S. trade deficit with tariffs is impossible, and it risks eliminating two longstanding U.S. surpluses
- Posted on April 28, 2025
- By Fortune
- 1 Views

Ending the U.S. trade deficit with tariffs is impossible, and it risks eliminating two longstanding U.S. surpluses

Dealmaking has ground to a halt for the U.S. financial services industry, which generated a $130 billion trade surplus last year.