Washington, Feb. 19 -- US President Donald Trump on Wednesday (local time) claimed that the nation's trade deficit has witnessed a sharp contraction of 78 per cent. He attributed the shift to the implementation of tariffs on various firms and nations, a milestone he described as a first in many decades.

Sharing the development on Truth Social, the US President noted, "The United States trade deficit has been reduced by 78% because of the tariffs being charged to other companies and countries. It will go into positive territory during this year, for the first time in many decades."

https://truthsocial.com/@realDonaldTrump/116094375393499963

These assertions follow nearly a year after his administration initiated the "Liberation Day" tar...