US EditionBitcoin Price News: BTC Climbs to $67,000 as Trump Says U.S. Deficit Cut by 78%
Bitcoin surged amid market volatility as traders reacted to tariff-driven trade deficit cuts, with U.S. deficit narrowing to $29.4 billion, the lowest since 2009, analysts said.
- On Feb 19, 2026, Bitcoin climbed to around $67,000 after briefly falling to about $65,900, as traders weighed U.S. President Donald Trump’s claim that tariffs cut the trade deficit by 78% and could turn positive later this year.
- The reciprocal tariffs introduced April 2, 2025, targeting over 100 countries with duties from 10 per cent to 50 per cent, were praised by Trump as a 'declaration of economic independence'.
- Bitcoin's price action showed it traded like a macro proxy over the past two weeks, while economists warned that non-monetary gold flows distort trade figures and tariffs pressure the dollar and risk assets.
- Ahead of the Feb 19, 2026 release of December trade data, strategists warn that if tariffs bolster the dollar, risk asset rallies may struggle and crypto market participants will refocus on flows and leverage.
- The effective U.S. tariff rate nearly 17% marks its highest since 1932, while reports show nearly 90% of tariff costs fall on U.S. businesses and consumers as the Supreme Court will rule shortly on the administration's use of a 1970s emergency law.
11 Articles
11 Articles
Trade Deficit Is Near Record High Despite Tariffs
In a Truth Social post Wednesday night, President Trump said his tariffs had brought down the trade deficit by 78%, but government figures released the next day told a very different story. According to the Commerce Department, the gap between goods and services sold to the US and what it...
Trump Announces Tariffs Have Slashed U.S. Trade Deficit by 78%.
PULSE POINTSWHAT HAPPENED: President Donald J. Trump announced that the U.S. trade deficit has decreased by 78 percent due to tariffs.WHO WAS INVOLVED: President Trump, the United States Supreme Court, and the House of Representatives.WHEN & WHERE: Trump posted the announcement on Truth Social on Wednesday, February 18, 2026.KEY QUOTE: “The United States trade deficit has been reduced by 78 percent because of the tariffs being charged to other c…
Trump claims 78 per cent drop in US trade deficit; credits tariffs for economic shift
President Donald Trump claimed the US trade deficit shrank by 78 per cent due to tariffs. However, official data showed the deficit rebounded sharply in November last year. Reports highlighted trade volatility, falling exports, rising imports, and economists' warnings about temporary fluctuations and potential risks to economic growth.
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