The Goods Trade Deficit Adjusted For Gold

Larger than the unadjusted, post-Liberation Day:

Figure 1: Goods trade balance,  (blue), adjusted for gold (red), both BOP, mn$, s.a. Source: BEA via FRED, personal communication from Pawel Skyzpczynski.

Note that conditional upon data on all other components of GDP, a bigger deficit means a lower nowcast of current GDP (but not of final sales to private domestic purchasers, for instance).