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.
Source: Money CNN
more recommended stories
Private initiative proposes to bring liquefied natural gas to Yucatán by sea
The president of the Confederation of.
Tips for Trading Crude Oil Online
Aside from forex and stocks, there.
With AMLO, construction reports worse start in three administrations
The sector reported an annual fall.
Antidote for “Violinist Spider” bite is Mexican made
It is called “Reclusmyn” it has.
Two suspects wanted for murder in Campeche caught in Mérida by Yucatan State Police officers
An anonymous report to emergency number.
For the first time, Mexicans decline to less than half of the U.S. unauthorized immigrant population
Relations between the United States and.
CDMX issues guidelines for expropriating land
The Commission for the Integral Reconstruction.
National Guard deployment of 52,000 planned for June 30 to 150 hot spots
Security Secretary Alfonso Durazo announced that.
“Family Operation” 2,040 undocumented family members to be deported in the coming days
ICE confirms plans to arrest more.
Trump Falsely Claims Obama Began Migrant Family Separations
(Bloomberg) — President Donald Trump dismissed.