WASHINGTON, D.C. January 10, 2026 – Senior White House trade advisor Peter Navarro announced that the U.S. trade deficit has fallen to its lowest level since 2009, attributing the sharp decline to President Donald Trump’s tariff strategies.
In a video posted on X (formerly Twitter) on January 10, Navarro declared the development “breaking news and it’s big.” He highlighted that the October 2025 goods and services trade deficit dropped to $29.4 billion – a nearly 39% decrease from the previous month’s revised $48.1 billion.
“In October alone, the deficit collapsed to $29 billion, down nearly $19 billion in one month as imports fell and exports surged,” Navarro said, pointing to a portrait of President Trump in the background. “You can thank that guy… That’s exactly what happens when President Trump’s tariffs force a global system that was rigged against America to rebalance.”
Official data from the U.S. Commerce Department’s Bureau of Economic Analysis and Census Bureau, released earlier this week, confirmed the figures: October exports rose to approximately $302 billion while imports declined to $331.4 billion.
Navarro emphasized the broader economic impact, stating that every $1 billion reduction in the trade deficit supports about 6,000 American jobs in manufacturing, supply chains, and defense. “Trade deficits aren’t just numbers… they’re factories that close, supply chains that move overseas, and national security we give away,” he added. “Trump’s tariffs are reversing that damage.”
The October figure marks the smallest trade gap since June 2009, drawing widespread attention amid ongoing debates over U.S. trade policy.
The announcement has generated significant engagement on social media, with supporters praising the results of America’s tariff approach, while critics question the long-term sustainability.
Navarro concluded his message by directing viewers to PeterNavarro.com for updates on trade and manufacturing policies within the Trump administration.
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