#Trump talks about the #trade deficits the US has amassed w/other countries and says, “We’re really not taking it anymore.” The trade deficit is the difference between what a country #exports & what it #imports. The #US has long imported more goods than it exports.

Economists don’t agree #TrumpTariffs will really lower the US trade deficit.

#FactCheck #TrumpLies #economy #tariffs #inflation #recession #Trumpcession #geopolitics #USpol
nytimes.com/2025/02/05/us/poli…

Trump Prepares to Take On the US Trade Deficit, a Familiar Nemesis

The trade deficit has long drawn the president’s ire. Now, he’s preparing to take it on again.

^{Ana Swanson (The New York Times)}