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Event Brief

Trump’s Tariffs Sent Trade Plummeting in August

President Trump's tariffs in August caused a drop in imports and increased the trade deficit, according to new data.
WHO: President Trump
WHAT: Imposition of tariffs leading to trade contraction
WHEN: Nov 18, 2025 at 7:00 PM ET
WHERE: United States
WHY: To address trade imbalances
Sources (1): New York Times

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