U.S. Administration Hails ‘Liberation Day’ Successes, Citing Trade Deficit Reduction and New Deals

The U.S. Trade Representative’s office and the White House have marked the one-year anniversary of ‘Liberation Day,’ highlighting what they describe as the significant achievements of President Trump’s trade program. The administration asserts that its trade policies have successfully protected American workers, generated new revenue, encouraged fairer trade deals, and accelerated the return of manufacturing to the U.S..

According to reports from the USTR and the White House, the U.S. has secured over 20 new trade agreements with major partners, including the European Union, Japan, India, Vietnam, and Argentina. These deals collectively cover more than half of the world’s population. The administration also points to a record high in U.S. goods and services exports in February.

Furthermore, the U.S. goods trade deficit has reportedly decreased by 24% from April 2025 through February 2026, compared to the same period a year earlier. The White House states that bilateral trade balances have improved with over 63% of trading partners, while the USTR reports improvement with over 61%. Specific improvements cited include a 30% decline in the goods trade deficit with China in 2025, and a nearly 40% reduction with the European Union from April 2025 through January 2026. For the first time since 2012, the U.S. has also achieved a goods surplus with Switzerland.

Ambassador Greer noted that President Trump’s trade program is addressing decades of non-reciprocal trade practices and that tariffs and trade deals are delivering tangible results for American workers and their families, decreasing the trade deficit, securing trade deals, and reshoring production lines.