

According to Money CNN, President Donald Trump often cites the U.S. trade deficit as a sign that America is losing to China, Mexico and other countries on trade. He uses it to justify renegotiating trade deals and slapping tariffs on other countries’ products.

And the gap with Trump’s two favorite rhetorical trade targets, Mexico and China, is getting bigger. The overall trade deficit with Mexico is up 11% this year, and the deficit with China is up 7%.
A trade deficit doesn’t mean the United States is losing money to China or Mexico, which is how Trump sometimes framed it during his presidential campaign. It means American businesses and consumers bought more goods and services from Mexico or China than those countries’ consumers bought from American businesses.
Trade experts say the deficit is not an appropriate way to value a trading relationship. The Trump administration disagrees.
Click here for full article on Money CNN.
Source: Money CNN
more recommended stories
Yucatan is ready to participate in Mexico’s Tianguis Turístico 2023
With the participation of 86 entrepreneurs,.
Governor Mauricio Vila Dosal presented Yucatan’s competitive advantages to the IMEF National Board of Directors
Governor Mauricio Vila Dosal highlighted the.
A Harvard scientist and a Pentagon official say an “alien mothership” could be hovering around our solar system
Could an alien mothership be hovering.
Destructive tornado batters Mississippi leaving at least 26 dead (Watch Video)
A deadly tornado and strong thunderstorms.
Renan Barrera inaugurates San Jose Tzal Park in southern Merida
With works and actions aimed at.
Baseball player Christian “La Bujía” Adames wants to make history in Yucatán
MÉRIDA, Yucatan, March 24, 2023.- The.
Cancun: groundbreaking for SLS’ fourth luxury tower
The groundbreaking ceremony for the SLS.
Activists insist that the Maya Train Project is a threat to the underground water system of the Yucatan Peninsula
The fresh water supply of the.
39 people arrested for violent acts in Chicxulub Puerto are now in prison
Merida, Yucatan, March 24, 2023.- The.
Swarm of bees attacks police officers while investigating a robbery in Kinchil
Municipal Police officers were alerted by.
Leave a Comment