Data shows that trump's global tariffs have curtailed trade, with some reports indicating a slump in nearly all us exports. However, the impact on the trade deficit is unclear, as one report notes a 24% drop in the us trade deficit, while others suggest the tariffs have had negative effects on certain industries. The overall effect of the tariffs on global trade remains uncertain, with some outlets suggesting they have reshaped the global economy and others indicating they have added new uncertainty.