A $1.2T Trade Deficit, New Tariff Pressure

GLC trade update graphic showing container ships and port cranes with the headline “A $1.2T Trade Deficit, New Tariff Pressure.”

On December 9, 2025, the U.S. Senate Appropriations Subcommittee reviewed USTR activities and FY2026 funding priorities, with Ambassador Jamieson Greer as the witness. The hearing emphasized the use of reciprocal tariffs as an enforcement tool aimed at addressing a reported $1.2 trillion trade deficit. While the memo is written through an agriculture lens, the themes apply broadly across supply chains: More tariffs used as leverage … Read More