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).
