One year after the U.S. declared its ‘Liberation Day,’ the administration reports significant gains in trade, manufacturing, and worker wages under its America First policy. According to the release, the goods trade deficit fell 24% from April 2025 through February 2026 versus the same period a year earlier, and the deficit with China dropped 32% over the past year. The deficit with the European Union fell nearly 40% in the same timeframe, while the United States began running a goods surplus with Switzerland for the first time since 2012. The Treasury also notes that more than 20 new trade agreements covering over half of global GDP have been signed, and trillions of dollars in investment have accelerated reshoring. Factory activity expanded for the first time in more than two years, and private‑sector real wages rose over $1,400, with blue‑collar gains of up to $3,000.
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