Tariffs became a key part of Trump’s strategy for shrinking the trade deficit, the difference between the country’s high import bill and its lower export sales. In fact, the one area where Trump has most clearly failed to keep his promise is central to his ideology and appeal: the trade deficit. Trump campaigned relentlessly on the notion that America’s economy was being ruined by large trade deficits. (The United States imports more goods than it exports.) Trump continues to falsely claim the U.S. has “large trade deficits with Mexico and Canada,” when there’s a trade surplus with Canada ($2.8 billion in 2017), and the deficit with Mexico ($68

America’s trade deficit is the gap between how much in goods and services it imports from foreign countries, and how much it exports. Mr. Trump complains about the metric frequently, saying the trade imbalance is a measure of America’s weakness on trade policy. “We lost, It’s also unclear how much of a political asset a small reduction in the trade deficit in 2019 is going to be in an election year. At more than $562 billion, the U.S. goods and services deficit The US trade deficit shrank for the first time in six years in 2019 as President Donald Trump continued to ramp up his trade war with China. Tariffs became a key part of Trump’s strategy for shrinking the trade deficit, the difference between the country’s high import bill and its lower export sales. In fact, the one area where Trump has most clearly failed to keep his promise is central to his ideology and appeal: the trade deficit. Trump campaigned relentlessly on the notion that America’s economy was being ruined by large trade deficits. (The United States imports more goods than it exports.) Trump continues to falsely claim the U.S. has “large trade deficits with Mexico and Canada,” when there’s a trade surplus with Canada ($2.8 billion in 2017), and the deficit with Mexico ($68

10 Mar 2018 Before judging President Donald Trump's actions, those criticizing should look at the real world instead of the utopian society they want to live 

19 Nov 2019 Stalled export growth is more a function of the strong dollar than of Trump's trade wars. U.S. non-petrol exports haven't grown over the last five  Stalled export growth is more a function of the strong dollar than of Trump's trade wars. U.S. non-petrol exports haven't grown over the last five years. Blog Post by   5 Feb 2020 The U.S. trade deficit shrunk in 2019 as President Trump's trade wars caused both exports and imports to fall. Imports fell sharply as tariffs  7 Jan 2020 The US trade deficit fell to $43.1 billion in November—its lowest level since October 2016. President Donald Trump talked about addressing the  4 Mar 2020 The Trump administration has transformed public debate over trade, China, and manufacturing. Four years ago, the conventional wisdom was  8 Feb 2020 Both Trump and Reagan made tackling the US trade deficit a priority and moved to protect competitive interests. Trump's deficit is bigger and 

7 Feb 2018 Public Citizen's Global Trade Watch launches new Trade Deficit Tracker. Contrary to candidate Donald Trump's pledge to speedily reduce the 

The trade deficit is soaring under Trump — and that’s a good thing President Trump’s most consistent case for his own reelection is simple — it’s the economy, stupid. He points to a U.S. economy that is in reasonably good shape, though of course nowhere near the “best ever” he claims. In reality, the trade deficit has risen substantially under Trump. It was $503 billion in 2016 and grew to $628 billion in 2018, a 25 percent spike. It was $503 billion in 2016 and grew to $628

13 Mar 2019 ' Well, trade deficits just hit a record high. Meanwhile, Trump keeps repeating untrue claims about the tariffs imposed on Chinese imports: Our 

3 Sep 2019 Trump seems to believe trade deficit is some kind of scorecard. If the US buys more from China than China buys from the US, the US is losing. 15 Jan 2020 The trade deficit is growing larger because trade policy is not the cause of trade imbalances. 5 Feb 2020 President Donald Trump's tariffs shrank the U.S. trade deficit with China last year, but figures indicate that Americans turned to other countries  6 Feb 2020 The U.S. trade deficit fell for the first time in six years in 2019 as imports from China shrank, but the deficit with Europe increased. 6 Mar 2019 The goods trade deficit with China rose to a record $419.2 billion, despite Trump's decision last year to impose tariffs on $50 billion in imports  4 Sep 2019 The U.S. trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration's "America First" agenda, surged to a 

Donald Trump won key midwestern states and the presidency in no small part because of his focus on trade reforms and promise to “speedily reduce the deficit.” However, contrary to Trump’s promises, the overall U.S. goods and services deficit in Trump’s third year in office is up 14% ($77 billion) relative to the trade deficit in 2016

6 Mar 2019 The Commerce Department reported the record-breaking trade deficit Wednesday, which grew despite Trump's efforts to the contrary. 13 Mar 2019 ' Well, trade deficits just hit a record high. Meanwhile, Trump keeps repeating untrue claims about the tariffs imposed on Chinese imports: Our  6 Mar 2019 The US trade deficit soared to $621bn last year, its highest level in a decade, dealing a blow to President Donald Trump's ambitions to reduce 

6 Mar 2019 The trade deficit is the difference between how much goods and services the US imports from other countries and how much it exports. Reducing  6 Mar 2019 Trade data to be released today will show US trade deficit with the world topped $600 billion in 2018.By Trump's own benchmark, the US is  7 Mar 2019 The U.S. trade deficit, whose supposedly disgusting, disgraceful size Trump ran against in 2016, is now effectively his. He owns it. So how's the  7 Feb 2018 Public Citizen's Global Trade Watch launches new Trade Deficit Tracker. Contrary to candidate Donald Trump's pledge to speedily reduce the  6 Mar 2019 The U.S. trade deficit jumped to its highest level in 10 years, according to a U.S. Department of Commerce report on Wednesday. Despite  10 Dec 2018 But a funny thing happened on the way to Trump's trade war: America's trade deficit actually went up. The purpose of tariffs is to make imports